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Cardano’s concealed reversal provides ADA longs with an early purchase opportunity before the price drops below $2.
On its Point and Figure chart, Cardano’s price turns to a bull market.
Price action charts outperform time-based charts, providing price action traders a huge advantage.
Up ahead, there will be a significant increase into the $2.00 value range.
On its $0.02/3-box reversal Point and Figure chart, Cardano recently broke out above the bear-market angle. Cardano has now entered a bull market as a result of this move.
Cardano’s price indicates that bulls have taken control, but many players are still waiting for confirmation.
Cardano price action has gone into a state that can considerably benefit traders who use a price action chart rather than a time-based chart such as Japanese candlesticks. Cardano, for example, just changed into a bull market by breaching the former bear market trend line on the $0.02/3-box reversal Point and Figure chart (red diagonal line).
Traders who rely solely on Japanese candlestick charts are more likely to start long bets on Cardano price too early and towards the top of a movement. A decline after switching from a bull market…
