Cardano Support/Resistance

Welcome Back!

Today I wanted to draw a simple S/R for ADA considering how it has fully retraced back onto trending support.
I talked about this coin in one of my Youtube videos but never got around to making a chart so, here it is!

Simple S/R strategies can be easy to use and work very effectively.
Considering how this coin is back to its lowest support, now would be a great time to look towards accumulation.
This is a coin listed on the popular leverage trading exchange, Bitmex. Once alt season begins lots of institutional money will start flowing back onto their exchange thus creating large hype cycles with the alts listed on their exchange. Let's see how price reacts to these resistance levels.

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God Bless, JolleyCrypto