ADAUSDT Analysis May 11, 2022
Along with the rest of the market, we are very Bearish on Cardano, 
ADA. The Horizontal Support Line at ($0.75) did not hold but we are still above that Daily Downtrend Line. We can wait for some BUY Indicators from the Engineer and/or DCA in this Green Zone, but we remain Bearish on ADA for the time being.
Will we see ADA down at the ($0.35) area or will it hold tight at this level for a while...? That triangle formation looks interesting. Not Financial Advice...Trade with Confidence and Control.
ADA. The Horizontal Support Line at ($0.75) did not hold but we are still above that Daily Downtrend Line. We can wait for some BUY Indicators from the Engineer and/or DCA in this Green Zone, but we remain Bearish on ADA for the time being. Will we see ADA down at the ($0.35) area or will it hold tight at this level for a while...? That triangle formation looks interesting. Not Financial Advice...Trade with Confidence and Control.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
Related publications
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.