hello guys!
-------long term perspective---------
Long-term support zone: Cardano has found support around the $0.30 - $0.35 level, with previous price action indicating strong demand in this area (engulfed area and old S&D zones).
Bullish reversal potential: The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal.
Long-term target: The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs.
Upside path: If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence.
Bearish scenario: A failure to hold support around $0.30 could see the price retesting to below $0.18.
-------short term perspective---------
Immediate Support Zone: Cardano (ADA) is testing a strong support area between $0.33 - $0.34, which aligns with the lower trendline.
Potential Bullish Rebound: A bounce from this support zone could see ADA targeting the resistance zone at $0.38 - $0.39. The engulfed area suggests a possible reversal signal.
Clear Resistance: The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout.
Downside Risk: If support fails to hold, the next potential drop could bring prices lower toward $0.30.
-------long term perspective---------
Long-term support zone: Cardano has found support around the $0.30 - $0.35 level, with previous price action indicating strong demand in this area (engulfed area and old S&D zones).
Bullish reversal potential: The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal.
Long-term target: The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs.
Upside path: If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence.
Bearish scenario: A failure to hold support around $0.30 could see the price retesting to below $0.18.
-------short term perspective---------
Immediate Support Zone: Cardano (ADA) is testing a strong support area between $0.33 - $0.34, which aligns with the lower trendline.
Potential Bullish Rebound: A bounce from this support zone could see ADA targeting the resistance zone at $0.38 - $0.39. The engulfed area suggests a possible reversal signal.
Clear Resistance: The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout.
Downside Risk: If support fails to hold, the next potential drop could bring prices lower toward $0.30.
Note
toward the target!it has been so sharp move!
Trade active
today reach to 31% upward movement!Note
if anyone loses it can enter the 0.6 and 0.45 area
Trade closed: target reached
the pointed area touched~!
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.