ADA Cardano: 1D Chart Review

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD).

The chart is self-explanatory. The price is sitting at a major support area. It is below the EMA Ribbons, 200 SMA, 50 SMA, Ichimoku Clouds and still within a Descending Wedge Pattern. Volume has been low but steady. RSI and MFI are below the Support and Resistance line. Keep a close eye on the RSI re-test of the S/R line.

Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI ( Money Flow Index), Descending Wedge, EMA Ribbons, and 50 and 200 Simple Moving Average.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk