Hello traders! Today we are going to look at what's next for Cardano.
Cryptocurrency as a whole is down 4% as I'm writing this. We can see that Cardano had a huge correction to a monthly low of 0,3218, making a strong low and nice support. These are my two main ideas for ADA the next few days. It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050.
The other option is that we begin to look for a long position back up to 0,35 (short-term) (0,40 mid-term). From the RSI and MACD we can see that it is making a bottom. This is a fatal moment for ADA and this upcoming month.
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Let me know what you guys think! Let me know in the comments!
-The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
Cryptocurrency as a whole is down 4% as I'm writing this. We can see that Cardano had a huge correction to a monthly low of 0,3218, making a strong low and nice support. These are my two main ideas for ADA the next few days. It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050.
The other option is that we begin to look for a long position back up to 0,35 (short-term) (0,40 mid-term). From the RSI and MACD we can see that it is making a bottom. This is a fatal moment for ADA and this upcoming month.
Enjoyed the analysis? Like! Want to see more? Follow!
Let me know what you guys think! Let me know in the comments!
-The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
