Cardano NEEDS A Pullback! | Crypto Technical Analysis | 27 August 2021

laatste update: 02-2023


Thoughts on the crypto market for the weekend! We cover the majors like Bitcoin, Litecoin, Ethereum, Cardano as well as some smaller alt coins like Dogecoin, Ripple, and Stellar.

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00:00 – Intro
00:13 – BTC (Bitcoin)
02:47 – LTC (Litecoin)
04:27 – ETH (Ethereum)
06:02 – ADA (Cardano)
07:57 – DOGE (Dogecoin)
09:06 – XRP (Ripple)
10:15 – XLM (Stellar)

After forming short term downtrends on the four hour time frame charts, the question has to be will the resistance trend lines start to break or hold through the weekend. The most attractive setup here would be Cardano needs a pullback! If we get a higher low, it has the opportunity to do what Bitcoin never did and see clean trend continuation and a breakout, instead of a longer period of building out overhead supply.

#CryptoTrading #Bitcoin #TechnicalAnalysis

DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.

3 gedachten over “Cardano NEEDS A Pullback! | Crypto Technical Analysis | 27 August 2021”

  1. Cardano is the one ready for a pullback this time around! It has shown relative strength in the past so maybe it holds up in a more bullish pattern than the BTC.

  2. you think ADA smart contract on the 12th will be a sell the news? or since it’s an upgrade to utility it can benefit & obviously attract more people?

  3. I watch your weekly watchlist and mid week update. I’ve learned great technical analysis tips from your videos and had some successes in entries and exits. I recently made the decision and I’ve moved my stock trading account into crypto about a month ago and have been enjoying the analysis on Fridays. It would be nice to see this portion and this channel grow.

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