Hi Everyone,
Cardano(ADA) had a price correction after its ATH but can observe a stable growth in an ascending channel even during a market crash.
ADA has tested its resistance level 1.8 area twice and has created an ascending triangle pattern.
Price level 1.4-1.5 level can be the next support area for ADA as per the triangle and Fib retracement if ADA is unable to break the current resistance level.
However, in short term, ADA has a possibility of reaching 2.4 or the next ATH.
Open for reviews, opinions, and feedback.
Cardano(ADA) had a price correction after its ATH but can observe a stable growth in an ascending channel even during a market crash.
ADA has tested its resistance level 1.8 area twice and has created an ascending triangle pattern.
Price level 1.4-1.5 level can be the next support area for ADA as per the triangle and Fib retracement if ADA is unable to break the current resistance level.
However, in short term, ADA has a possibility of reaching 2.4 or the next ATH.
Open for reviews, opinions, and feedback.
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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.