Cardano / Euro
Hi People, first analysis after months of learning.
Insights in what i think is importante. Basics, but still strong indicators.
This is how i would follow the path. double bottom is set. We need to break a neckline for trend reversal.
Also 50EMA is a resistance here. When we flip 50EMA and neckline for support, ADA can continue the bullrun and probabluy continue to new All Time Highs in the EUR pair.
First Support: 1,03 EU
First Resistance: 1,25 EU
To hold: 0,84 EU
Please keep in mind that BTC is impactful on ADA price.
Insights in what i think is importante. Basics, but still strong indicators.
This is how i would follow the path. double bottom is set. We need to break a neckline for trend reversal.
Also 50EMA is a resistance here. When we flip 50EMA and neckline for support, ADA can continue the bullrun and probabluy continue to new All Time Highs in the EUR pair.
First Support: 1,03 EU
First Resistance: 1,25 EU
To hold: 0,84 EU
Please keep in mind that BTC is impactful on ADA price.
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