ADA Analysis

19 Eyl 2021

Hello everyone! As you guys can see in the chart, Cardano is having a hard time going up since it's highs in the beginning of September. It tried to break above 200 EMA twice and failed, forming a double top. It also formed a very strong support zone around $2.35. But as it jumps, it gets beaten down right back. As strong as the support line is, I believe that Cardano is going to break it and head back to test lower levels. Hope this helps!