Cardano (ADA): Back At Entry / Possible Rejection?

2024年7月29日

Cardano is back at our original sell zone after showing us a nice small correctional movement.

As of now, we are looking for small sideways movements or slight bullish moves, which would end up with a further correction to fill those bullish ladder zones near our target zones so eyes open!

Swallow Team

2024年7月30日

註釋

Cardano made a nice small movement of 6% here since yesterday, when the price did not secure the local resistance zone and got rejected by the middle line of Bollinger Bands.

We are now looking for another movement to our local target zones here, but before that, we need another daily candle to close in red as a confirmation.

2024年7月31日

註釋

Cardano is still trading in lower zones here after a sharp rejection at the beginning of the week. We are aiming to reach our two lower target zones here so keep an eye on them!