CARDANO (ADA/USD) Is Ready To Make a Move!
Güncellendi
Almost everywhere is chart patterns and Cardano is not the exception, it has the symmetric triangle. Usually, this means if the breakout occurs to either direction then this will show that momentum where the price could heading.
Currently, we are on the edge to explode because the price is on the triangle tip, smashed together and ready to make a move.
If we manage to break upwards, then this means we have to break above the triangle and we have to break above the 200 EMA which currently works as a resistance.
We have a pretty good platform to do this because we have several times tried to break below the August low but those were failed attempts and it holds us nicely. If we manage to break above then there are three targets:
1. The latest resistance - profit around 10%
2. The round number $0.1 - 17%
3. The major resistance at $0.106 - 25%
As You know breakout could occur to either direction. If the August low doesn't hold us anymore then we have a breakout below the triangle and You have to consider to sell your ADA' coins because this is an indication that we might and go to test the lower levels. The first area where we could technically considering to buy again is around $0.075. There is the latest support level this level has to be on the 'watch list'!
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and the latest crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
Currently, we are on the edge to explode because the price is on the triangle tip, smashed together and ready to make a move.
If we manage to break upwards, then this means we have to break above the triangle and we have to break above the 200 EMA which currently works as a resistance.
We have a pretty good platform to do this because we have several times tried to break below the August low but those were failed attempts and it holds us nicely. If we manage to break above then there are three targets:
1. The latest resistance - profit around 10%
2. The round number $0.1 - 17%
3. The major resistance at $0.106 - 25%
As You know breakout could occur to either direction. If the August low doesn't hold us anymore then we have a breakout below the triangle and You have to consider to sell your ADA' coins because this is an indication that we might and go to test the lower levels. The first area where we could technically considering to buy again is around $0.075. There is the latest support level this level has to be on the 'watch list'!
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and the latest crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
Not
Be ready, if BTC starts to make a move upwards ADA will "explode"!
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