Cardano-Will the bear market resume??
Hi everyone
In the past couple of days we witnessed many digital assets hit a critical level,As for ADAUSDT reached 0.4$ ,which is not that worst compared to many other assets( I have traded ADA on 0.03$ before).
For now we have the properties of a range market which includes, breakout failures and reversal failures (up to 80%), and we can see a triangle pattern that I'm waiting for a breakout to decide how to trade this asset.If we get a breakout from the bottom of triangle ( more likely for me)i would not take it and wait for the conformation on the retest of the lower line of the triangle,and I will trade it like a trading range.
Resistance levels are 0.55$ and and the top line of the triangle support levels are the bottom line of triangle and 0.5$.
current price : 0.5270$
I will gladly answer your questions, just leave a comment below and PRESS THE LIKE BUTTON
In the past couple of days we witnessed many digital assets hit a critical level,As for ADAUSDT reached 0.4$ ,which is not that worst compared to many other assets( I have traded ADA on 0.03$ before).
For now we have the properties of a range market which includes, breakout failures and reversal failures (up to 80%), and we can see a triangle pattern that I'm waiting for a breakout to decide how to trade this asset.If we get a breakout from the bottom of triangle ( more likely for me)i would not take it and wait for the conformation on the retest of the lower line of the triangle,and I will trade it like a trading range.
Resistance levels are 0.55$ and and the top line of the triangle support levels are the bottom line of triangle and 0.5$.
current price : 0.5270$
I will gladly answer your questions, just leave a comment below and PRESS THE LIKE BUTTON
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