Cardan (ADA) to take a breather before moving higher
Some key things to look out for on #Cardano 's daily chart:
◦ Major gaps between the bodies of the candlesticks and the Tenkan-Sen. The two don't like to be far away from each other, they're like an unhealthy co-dependent couple.
◦ Senkou Span B is the strongest level of support/resistance within the Ichimoku system.
◦ The RSI and DTO are at historical resistance levels.
👉 It looks like things might hover around here for the next few days while the Tenkan-Sen catches up to where price is presently at.
👉 That will give some equilibrium to be re-established before
ADA makes another drive higher.
If there is a pullback, it should be limited to the $0.39 - $0.40 value areas.
tinyurl.com/captainquenta
◦ Major gaps between the bodies of the candlesticks and the Tenkan-Sen. The two don't like to be far away from each other, they're like an unhealthy co-dependent couple.
◦ Senkou Span B is the strongest level of support/resistance within the Ichimoku system.
◦ The RSI and DTO are at historical resistance levels.
👉 It looks like things might hover around here for the next few days while the Tenkan-Sen catches up to where price is presently at.
👉 That will give some equilibrium to be re-established before
ADA makes another drive higher. If there is a pullback, it should be limited to the $0.39 - $0.40 value areas.
tinyurl.com/captainquenta
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