Cardano (ADA) has tested the long term ascending support 4 times now, which AFAIK implies that it's quite a trustworthy support. Also, it tested the descending resistance twice now, three time's a charm (?).
Furthermore, we're currently in a supply area, above the 50 EMA moving into the apex of a descending wedge.
Downside however, is that volume is pretty low.
Your thoughts?
Furthermore, we're currently in a supply area, above the 50 EMA moving into the apex of a descending wedge.
Downside however, is that volume is pretty low.
Your thoughts?
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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.