Hello, dear traders welcome you to this ADA/ USDT 1DAY chart analysis. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see at the above mentioned chart that Cardano has been in a downtrend for over 9 months now. I can see the first signs of strength appearing on the chart. The volume indicator is showing large sales - it means that the Holders have finally been thrown out of the market.
In current scenario ADA is trading above the green support Line . Now I am expecting more % down towards the lower support zone area which is also a good buying zone for ada.
If ADA HOLDS the upper trend line support well then soon we will able to see a bounce towards the yellow resistance zones at the price level of $0.75 - $0.93 in upcoming weeks which is almost 450% from the bottom level.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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