Cardano / TetherUSUpdated ADA - Critical Support
ADA is testing critical support at the. 786 fib retracement around $1.32 which is the confluence with the long-term trend in green.
Still holding within the long-term rising channel which may test the lower trend of the channel.
One thing to note is the decreasing volume and falling price, this sometimes indicates weakness in the current trend and will probably not continue and a reversal may be imminent, however not always is the case.
Still holding within the long-term rising channel which may test the lower trend of the channel.
One thing to note is the decreasing volume and falling price, this sometimes indicates weakness in the current trend and will probably not continue and a reversal may be imminent, however not always is the case.
Note
Note
bouncing off the bottom support of rising channel
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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.