CARDANO(ADA/BTC)
ADA/BTC Analysis
ADA has seen significant move(40%+) recently and is expected to dip(drop) in the coming days for healthy correction before the next leg up.
Bullish Case:
It recently had a strong upward movement and will undergo a healthy correction(drop) in the coming days.If it manages to hold the support level(green bar) then it will try to the test the next resistance zone(red bar) around 0.00001400 satoshi .
The major resistance level lies in 0.00002000 satoshi zone, if broken then it would be super bullish for the asset.
Bearish Case:
If it doesn't hold the Support level(green bar) then we might see the 0.00001000 satoshi level.The last line of defence for ADA would be around 0.00000800 satoshi level ,if broken then it would be pretty bearish for the asset.
ADA has seen significant move(40%+) recently and is expected to dip(drop) in the coming days for healthy correction before the next leg up.
Bullish Case:
It recently had a strong upward movement and will undergo a healthy correction(drop) in the coming days.If it manages to hold the support level(green bar) then it will try to the test the next resistance zone(red bar) around 0.00001400 satoshi .
The major resistance level lies in 0.00002000 satoshi zone, if broken then it would be super bullish for the asset.
Bearish Case:
If it doesn't hold the Support level(green bar) then we might see the 0.00001000 satoshi level.The last line of defence for ADA would be around 0.00000800 satoshi level ,if broken then it would be pretty bearish for the asset.
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.