UPSIDE AFTER FINAL CORRECTION
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.
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.
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.
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.
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.