Hello, dear members of LeoFinance!
Today I want to show one interesting candlestick in the price chart of Cardano (ADA/USD).
So, in the monthly time frame (MN), ADA/USD formed an Inverted Hammer in October:
Theoretically, the Inverted Hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. That's why if in November a bullish candlestick forms I will consider it as a confirmation of the potential trend-reversal signal and will invest some money in ADA.
To be continue...
p.s. as of time of writing ADA/USDT is at the level of $0.1063, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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