Long

Big inflection point for Cardano at 38 cents.

Updated

Twice in history holding 38 cents has lead to big gains, and now it seems like its establishing a nice base right around this price which is where the bull market support now lands.Iexpect a big rally if we turn 38 cents into support once again.

Note

More than 2 months after initially breaking the .38 cent mark mentioned before, we are again testing this zone. I dont expect this to be an easy battle for the bears or the bulls, but ultimately if it fails to hold support Ada will probably head to .30 cents to see if it can retest the previous low. If it can hold the .38 cent mark i expect to test the local highs at around .53 cent mark.

Note

9 months after originally breaking up then back down below this inflection point we are here testing the zone once more. The thought remain the same below we will see a retest of .30 cents and if we hold it we can look at .57 cents as a next mid term target.

Trade closed: target reached

The resistance has now been flipped to support. The next major inflection point is at 1.32 over 100% ROI% from todays price.

riskit101

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