TRADER QUIZ#1 BUY or SELL? Comment your Answer! #quiz G | FZ_TRADES on Binance Square

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TRADER QUIZ#1
BUY or SELL?
Comment your Answer!
#quiz
Go to 👉 Instagram -> fz_crypto <- For Answer

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📣 #Cardano (ADA) Destroys Massive Resistance Level, Comes Back to Bull Mode ⚪️ Cardano (ADA) has recently experienced a notable surge in its price action. The ADA/USDT chart reveals a decisive move, successfully breaking through the local resistance level marked by the 50-day Exponential Moving Average (EMA) with convincing strength.🚀 ⚪️ The breakthrough above the 50 EMA holds significance, as this moving average often acts as a barrier distinguishing bearish trends from bullish ones. Penetrating it typically indicates a shift in momentum favoring the bulls. With this explosive move, traditional technical analysis suggests that ADA is poised to sustain its upward trajectory, potentially establishing new higher highs as it enters a bullish phase.📈🚀 ⚪️ However, despite the strength exhibited in this recent price movement, there is a lack of clear long-term reversal signs. The Relative Strength Index (RSI), while recovering, does not yet indicate overbought conditions that would confirm a sustained upward trend. Additionally, although trading volume has improved, it does not show an overwhelming buy-in from the market to support a robust long-term rally.💼 ⚪️ Fundamentally, Cardano's movements continue to align with the broader market. Similar to many other cryptocurrencies, ADA's price action is influenced by overall market sentiment, macroeconomic factors, and developments within the blockchain and cryptocurrency space.🌐 ⚪️ While the recent technical breakout may excite short-term traders, long-term investors are likely awaiting more substantial shifts in market dynamics before confirming a full-blown bullish trend.📉🔍 ⚪️ Cardano's current position above the 50 EMA is a bullish signal for the asset, especially in the short term. However, for a genuine long-term reversal to take hold, ADA would need to demonstrate sustained strength and garner support from both volume and market sentiment.📈🌐

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⚡15,000 blocks remain until Bitcoin halving.👀📊💸

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✌ 209 million dollars were liquidated in the last 24 hours 🔋 The number of liquidated traders is 59,135 ⚡ The biggest liquidity in the Okx exchange and position is Bitcoin, which has exploded 9.4 million dollars, which is about 470 billion tomans. 💀 The most liquidated ones were in Okx exchange and the most liquidated positions were on Bitcoin📊

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They will start buying your coins after the approval 😲

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