ADABTC trade ideas
Cardano ready for another leg up.ADA retraced to 0.618 fib level which is also the previous breakout level. Considering this to be the bottom, the reversal will likely take it to .00002144 and then .0002690 which are 1 and 1.618 fib level considering the previous move. This would also complete the N-wave. RSI and MACD are approaching oversold levels which may give an indication that an upside is likely.
Alternatively if ADA breaks below 0.00001260 this move will be invalidated.
Outlook chart for ADA/BTCAlthough most of indicator beginning signaling a oversold, Hull MA almost cross down into a bearish trend for a while.. i keep an eye for fib 0.382 for the possible good support around 1300 satoshi .. if it's break high possibility a downtrend keep persist.
There's also a possibility for the price action try retest 0.618 horizontal fib level before to decide to continue it's downtrend.
Please do take this as a grain of salt as there's many factor beyond technical analysis also do involve the movement of price action.. please share what your thought and feel free to share your idea..
peace.
Cardano (ADA) Important Support And Resistance LevelsThe Market Is Right Now In Consolidation.This Is Mid Term Targets
You Can See On Chart There Is 2 Important Support Areas
Support 1 : 985
Support 2 : 613
As You Can See On Chart The White Trendlines Support Is Important At Around 1120 Satoshi If This Breaks Then Cardano Test 985 Support
And There Is 6 Resistance Area
Resistance 1 : 1366
Resistance 2 : 1691
Resistance 3 : 1964
Resistance 4 : 2427
Resistance 5 : 2914
Resistance 6 : 4066