Cardano (ADA): Another Rejection Happend!

We are back with Cardano, where price is yet again rejecting that upper trend line (which is close to 100EMA).

We are looking for price to move now toward lower zone of that triangle pattern from where we expect some sideways movement to happen (and eventually a breakout or a breakdown).

Swallow Team

Yorum:

Cardano has moved nicely towards our lower support zone, which was also one of the target zones for us.

After that, we had a small bounce and a breakout, and now we might go for a re-test (of that same broken zone).