ADAUSDT - LONG

14 Ağu 2022

Cardano
Code: ADA
Symbole:ADAUSD.
Interesting to me long position over 0.5560:
The Cardano have been in a drawdown from its peak on 02/09/21 when the price was at 3.10$.
It has a long way to go back to this price and break a new record and could take some time , but as we know the Crypto world - things can go fast.
The coin has found support at 0.4020$ level on 12/05/22 & 13/06/22 and made a double bottom .
In addition, we can clearly notice that the big players are buying at this level and we are starting to see great structure for changing direction.
Over the resistance at 0.5560$ it will be very interesting to me to go long, at least until we reach our first target at 0.71$.
If we will get stronger momentum, we can fantasize on 0.8640$ and even 1.0180$.
The next levels are far away at 1.48$ & 1.634$.
Although, 0.520$ level will very dangerous for my long position.
If we breake and close under 0.42020$, it will tell us that the Cardano want to go down.
Right Now, the probability for my first targets to the upside is higher
#DYOR🙊🍒