$ADAUSD - Cardano is targetting 0.1247
Cập nhật
Hi guys! 👋🏻
🔔 While Cardano is working on it’s complete transition to DeFi, ADA/USD made a significant breakout. Yesterday cardano was trapped between two Moving Averages, MA100 and MA200, today it’s traded at $0.10800, above MA100.
🔔 ADA/USD is still in a correction phase and deeper downtrends may continue, especially when Bitcoin dominance rises higher. However, before that occurs I’m expecting an uptrend towards $0.12259 - $0.12478, where it will meet important resistances and Fibonacci 0.618 level of the last drop.
🔔 There is a strong resistance at $0.10830, above which there is another area of resistance at $0.11307 and a monthly high - $0.11383. If Cardano closes above the 0.10830 I don’t think the monthly high will be able to stop it from another jump.
🔔 The MACD indicator on both daily and 4-hour chart reflects bullishness of ADA/USD, Moving Averages on both timeframes show a great support of the uptrend, however one should also consider levels of supports and resistances and do not trade with a blind trust to indicators but use them as an auxiliary confirmation tool.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 While Cardano is working on it’s complete transition to DeFi, ADA/USD made a significant breakout. Yesterday cardano was trapped between two Moving Averages, MA100 and MA200, today it’s traded at $0.10800, above MA100.
🔔 ADA/USD is still in a correction phase and deeper downtrends may continue, especially when Bitcoin dominance rises higher. However, before that occurs I’m expecting an uptrend towards $0.12259 - $0.12478, where it will meet important resistances and Fibonacci 0.618 level of the last drop.
🔔 There is a strong resistance at $0.10830, above which there is another area of resistance at $0.11307 and a monthly high - $0.11383. If Cardano closes above the 0.10830 I don’t think the monthly high will be able to stop it from another jump.
🔔 The MACD indicator on both daily and 4-hour chart reflects bullishness of ADA/USD, Moving Averages on both timeframes show a great support of the uptrend, however one should also consider levels of supports and resistances and do not trade with a blind trust to indicators but use them as an auxiliary confirmation tool.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Đóng lệnh: đạt mục tiêu
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.