joins as the CEO of Alphractal, a cryptocurrency analysis firm focused on helping traders make informed decisions. In a recent report, EDJ (CEOdatetime?) emphasizes the cautious optimism of the crypto market and provides his thoughts on Cardano, one of the focal points of the firm. EDJ begins by acknowledging that the price of Cardano has trended into a “critical Alpha Price” zone, and he questions whether the current level is a sign of a correction. EDJ emphasizes that the crash could create space for a short-term buying opportunity in the next few days, but he is uncertain about the stability of the position. He underscores the importance of staying alert to this developing atmosphere.
EDJ briefly moves on to Bitcoin, which is currently trading above $119,300, and he foreshadows a stronger uptrend that could shape the market’s trajectory. However, EDJ stresses that the upward trend could disrupt some established technical pattern and that the critical question remains: will the price break above the $119,300 level or proceed with a gradual rise? EDJ adds that while he doesn’t rule out a confirmation of this trigger, he holds cautious expectations.
A closer look at Cardano, EDJ highlights, reveals a poised exit point in the short term, a signal for traders willing to approach the asset with a short timeframe. The软件正在 anus Examination ( dissemination) a distribution phase, which is a phase where the asset distributes tokens to users before they are sold on the market. EDJ reminds traders that败户 in this state could present an entry opportunity, but he cautions them that ADA will likely find its way back above $3 by the end of October or the beginning of November. However, he notes that without definitive technical analysis, it’s risky to assume such a move. EDJ also acknowledges that the potential price surge could disrupt some conventional technical patterns, but he views the on-chain data as a strong indication that ADA is on an upward trajectory.
EDJ confirms that the average buy price for ADA is $0.2883, which is considered a strong signal by the firm. EDJ advises traders to adopt a strategy that incorporates recharts and surrealistic patterns, positioning themselves on a position that reflects the collective view of long-term price trends. EDJ adds that he doesn’t believe the collective sentiment has turned negative but could alter the exit point if ADA surges to a主要领导 price level.
Finally, EDJ warns him that if ADA surges to alavish price level, he could believe that the collective mental dynamics have shifted downward, and that either term could be held. EDJ ends by advising traders to weigh short-termнима against longer-term horizon, as he sees all that on-chain data points to the breakdown occurring in mid-October or early November. EDJ concludes with the assurance that, right now, his trading position is ready, and he awaits a robust袋子 of data that could turn this into a meaningful and profitable opportunity for all his clients.
(_final summary omitted)
