ADAUSDT Analysis January 21, 2023
We have once again become Bullish on Cardano, 
ADA. Looks like the Bulls are moving the price of Cardano, ADA back up to our ($0.3450) Support Area. The Daily Downtrend Line was broken to the Upside and the Weekly Downtrend Line was also just supported.
We still like ADA as one of the leaders out of the Bear market as it peaked in the summer of 2021.
The ($0.3450) Resistance Area was broken and is now Support, the Weekly Downtrend is surpassed, and we are moving towards the 200-MA.
We are down over 91% from the ATH and over 75% from the technicals in April, 2022. We placed some potential returns on the way back to ($1.0000)...300% is huge!
Not Financial Advice...Trade with Confidence and Control.
ADA. Looks like the Bulls are moving the price of Cardano, ADA back up to our ($0.3450) Support Area. The Daily Downtrend Line was broken to the Upside and the Weekly Downtrend Line was also just supported. We still like ADA as one of the leaders out of the Bear market as it peaked in the summer of 2021.
The ($0.3450) Resistance Area was broken and is now Support, the Weekly Downtrend is surpassed, and we are moving towards the 200-MA.
We are down over 91% from the ATH and over 75% from the technicals in April, 2022. We placed some potential returns on the way back to ($1.0000)...300% is huge!
Not Financial Advice...Trade with Confidence and Control.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
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.