Cardano lever tokenAccording to the chart, the downtrend line is broken and is now in the drawn uptrend channel
Good luck and profitable.
Adaup
ADA possible bearish crossover or try to go back upADA rejected the 20-day moving average, dropping from it. And it is currently in the SMA50 days, trying to break it down, however there is strong demand in the area of this, taking it up instantly after its fall from 0.9 to 1.1 in a matter of hours. Reflecting that this point is being strongly supported by the bulls
If the bulls manage to raise the price above the 20-day moving average, an ADA rally to 1.4 USDT would be confirmed.
Conversely...
If the bears are strong enough and send ADA below the moving average, Cardano could suffer its first downtrend after a long time.
Before the ADA Lovers, Funen listen to me.
If Cardano is rejected at 1.2 USDT, a confirmation below the 20-day moving average is possible. We have a high demand in the zone of 0.9 In 1.0 Nobody is buying. The few bulls that try to take it above the daily closing moving average are few in fact.
So it is likely that ADA will not go above the 20-day moving average, and it will also have rejection at the 50-day moving average. SMA. This would confirm a possible downward trend reversal towards 0.9,0.8 and 0.7 testing the 100 day WMA Moving Average.
This is based on the analysis, we still have the fanaticism of ADA, that I very much doubt they will sell this cryptocurrency, so it will be difficult to break the strong support at 0.9 USDT.
However, if fanaticism manages to take it above the 20-day moving average, it is confirmed that we will continue in the uptrend, with everything and a fall.
As long as the ADA remains below this, a breakout of the 50-day SMA and a trend reversal is likely. So stay tuned with ADA.
I do not recommend the Open Shorts and Longs at ADA. Because there is fanaticism in this one. It is best to open a Long at 0.7 in the hypothetical case that fanaticism loses to the downtrend.
Never go against a large community. Better to go along with her. In Long on the strongest support.
I'm not saying that ADA goes to 0, I'm just saying that there may be a change in trend, take this as a buying opportunity.
Will ADA break the trending channel? Monthly graphADA usually follows the trend line like a charm, and this could be the case where it would drop to lower areas of the channel before another pump.
BUT, remember that ADA is on the last phase of the project and it will finish on March, it could SKY rocket to its ATH like it did 3 years ago.
ALSO, more than 50% of ADA is in Staking and it looks like it will stay that away for the long run.
I am HOLDING 50% no matter what until the end of the project, on my opinion Technical Analysis can´t predict much right now.
For short term profits my target is 0,39 for now.
ADAUPUSDT AnalysisSince there are 3 BUY signals are present, I'm BULLISH.
So, if you are holding ADAUP, do not hurry to sell.
You can wait for Engineeringrobo's sell signals to be present or you can sell at the resistance level to take profit (4.24).
Also, if you haven't bought yet, you can buy when candles open-close above the resistance level (4.24) or you can buy at the support level (2.06)
After you buy, wait for EngineeringRobo's sell signals and consider selling it.
ADAUPUSDT ANALYSIS Buy this coin when it totally above the down trend line or
Try to catch another EngineeringRobo' s buy signal after buying this coin watch carefully EngineeringRobo' s sell signal in 24 hours
If you hold this coin don't hurry to sell it ,you can sell it when it hits the down trend line or
Try to catch EngineeringRobo ' s sell signal or
Find your potential profit lvl or minimum loss lvl and sell it in 24 hours
Have a good trade If you want to use EngineeringRobo please dm me.