ADA is very close to its solid support areas.
There is one support level, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
There are no other short-term support levels for Cardano, so watch out it's very risky.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.493
Let me know your ideas.
Good luck.
There is one support level, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
There are no other short-term support levels for Cardano, so watch out it's very risky.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.493
Let me know your ideas.
Good luck.