Ada / USDT technical analysis 03/01/22
ADA/USDT 4-hour chart
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2% Fibonacci retracement level at $1.25. Additional lines of defense may emerge at the August 3 low at $1.26, then at the December 4 low at $1.18. so lets see what will be the next move?
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2% Fibonacci retracement level at $1.25. Additional lines of defense may emerge at the August 3 low at $1.26, then at the December 4 low at $1.18. so lets see what will be the next move?
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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.
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.