Cardano would probably resume its uptrend again...Technical analysis:
CARDANO/BITCOIN is in an up Trend and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 60.
Trading suggestion:
The price is in an up trend, but we forecast the uptrend would probably resume.
There is still possibility of temporary retracement to suggested support zone (0.0000250 to 0.0000170), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0000250)
Ending of entry zone (0.0000170)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
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ADABTC Bittrex Price Analysis For Day TradingADABTC Bittrex Price Analysis For Day Trading
Cross Over found in over bought zone,
there is a small chances that prices goes up. If the market breaks 3084 level , then the next resistance should be 3287 satoshi.
Support level - 2721 Satoshi.
The price may be touch the 3084 resistance level.
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