Cardano (ADA) price is holding strong against the current upward and downward movements of BTC. $2.00 still remains strong support for this asset. (4hr chart)
Long-term we are still waiting for the move towards the $3.90-$4.00 mark (falling wedge)
Short-term ADA seems to be consolidating within the range between $2.00 and $2.32 (next resistance zone). This range bound action could continue for the next few weeks with another test of the $2.00 support which would create a triple bottom scenario (a good entry for new entrants).
*Note a downward move could see us test the $1.85-$1.90 levels.
Long-term we are still waiting for the move towards the $3.90-$4.00 mark (falling wedge)
Short-term ADA seems to be consolidating within the range between $2.00 and $2.32 (next resistance zone). This range bound action could continue for the next few weeks with another test of the $2.00 support which would create a triple bottom scenario (a good entry for new entrants).
*Note a downward move could see us test the $1.85-$1.90 levels.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.