Ada / USDT technical analysis 03/01/22
ADA/USDT 4-hour chart
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2% Fibonacci retracement level at $1.25. Additional lines of defense may emerge at the August 3 low at $1.26, then at the December 4 low at $1.18. so lets see what will be the next move?
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2% Fibonacci retracement level at $1.25. Additional lines of defense may emerge at the August 3 low at $1.26, then at the December 4 low at $1.18. so lets see what will be the next move?
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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.