We can see that Cardano's daily candle has failed to close below previous swing low 5 days in a row and it is showing signs of decent bounce. Green block remains to be untested support zone but it looks like it wants to reach the targets marked in red lines
Trade active
So far its looking good, waiting to see what the daily candle close looks like in order to update stop lossNote
Stop loss below 1083, looks like its a healthy pullbackTrade active
Bounced off of support I marked in black line, looking good to go for the targetTrade active
Price found support on the black line I had drawn previously, thats considered a retest of broken resistance turned support, its well on its way to the target
Trade active
still going according to play, black line holding as support on higher time frames
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.