Cardano (ADA): Testing Major Resistance
🩸 Long: Above $1.10, aiming for $1.15 and $1.20 as bullish targets.
🩸 Short: Below $1.00, targeting $0.95 and $0.90 for potential downside.
🩸 Resistance: $1.10. Breaking this level signals further upside to $1.15 and $1.20.
🩸 Support: $1.00. Falling below exposes $0.95 and $0.90 as critical support levels.
🩸 Analysis: Cardano has rebounded strongly and is approaching key resistance at $1.10. The MACD is turning positive, signaling potential bullish momentum. However, volume confirmation is crucial for a sustained breakout. Failure to hold $1.00 may result in a pullback toward lower support zones.
👑 "Strength lies in patience—those who wait seize the rewards."
🩸 Short: Below $1.00, targeting $0.95 and $0.90 for potential downside.
🩸 Resistance: $1.10. Breaking this level signals further upside to $1.15 and $1.20.
🩸 Support: $1.00. Falling below exposes $0.95 and $0.90 as critical support levels.
🩸 Analysis: Cardano has rebounded strongly and is approaching key resistance at $1.10. The MACD is turning positive, signaling potential bullish momentum. However, volume confirmation is crucial for a sustained breakout. Failure to hold $1.00 may result in a pullback toward lower support zones.
👑 "Strength lies in patience—those who wait seize the rewards."
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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.
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.