Cardano ADA price analysis 4/7/23
ADAUSDTThe inverse head-and-shoulders pattern of Cardano's ADA was not completed as the bears prevented the price from breaking above the neckline. The 20-day EMA ($0.37) is a critical support level for the bulls, and if they successfully defend it, they may try to overcome the neckline resistance again. In case the price falls below the 20-day EMA, it could indicate profit-booking by short-term bulls, and the pair may drop to the 200-day SMA ($0.35).
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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.