The downtrend ADAUSD Cardano continues, when there is a rebound?

6 mai 2022

From September 2021, the price of ADAUSDT is in a downward trend, moving down the channel.
An important area of ​​customer support was the zone around $1. This strong mirror level has helped buyers keep their defense and push the price up since February 2021.
However, in February 2022, buyers finally lost control over this level, which sellers only confirmed that they now dominate the market.

We consider $0.77 to be the critical level for the continuation of the fall in the ADAUSD price. Fixing the ADA price below it will mean that the next shopping area is around $0.67

However, despite yesterday's heavy fall on the crypto market, you can try to catch a good, medium-term trade with a short stop and small risk.
Enter the position in the area of ​​$0.79
Stop below $0.77 (-2.5% of entry point)
Take profit in area $1 (+ 26% of entry point)
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