CardanoLong
ADA - Longterm Uptrend
Updated
Apologies if this chart is a bit messy, but i decided to add a lot of info onto this chart for you to see what ADA has below it for Support and what it has above it for Resistance. If we look at the ADA Daily Chart, at the moment of typing this, ADA has found support from its 38.2% Fibonacci Level. ADA is still in its Symmetrical Triangle and it is still in the Bullish Zone of the Ichimoku Cloud. ADA has bounced off the 50EMA twice, if that continues then it will roughly take us right up to the Apex of the Symmetrical Triangle. If the 50EMA fails, it also has its 100EMA and 200EMA levels of support and also the last yearly high that i haven't added onto here. If there is any major dip, then ADA also has its Ichimoku Cloud Support levels, its Base Line and its S1 Fibonacci Support level. looking at the chart, you can see that ADA is still in a longterm uptrend and it has quite a bit of support to drop through before there are any signs of a reversal to a downtrend. I hope this is helpful. Good luck
Note
ADA dipped to around $0,129 but soon got pushed back up into its Symmetrical Triangle by the buy orders that were placed around the 100EMA level. If ADA closes the daily candle inside the pattern then the Symmetrical Triangle pattern still holds true. Good luck
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