CardanoLong
Looks like a hidden bullish continuation...
Since ADA broke $1 in February, its price has made higher lows while RSI and MACD have made lower lows, as shown in the chart. My understanding is that this signals a hidden bullish continuation. Also, it appears that the daily MACD is about to break to positive. For these reasons, my bet is that ADA is on its way back up this channel to $1.50.
I am new to this, so please let me know if my terminology is off or if I am misreading the signals. Take care, and GL!
I am new to this, so please let me know if my terminology is off or if I am misreading the signals. Take care, and GL!
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.