cardano analyze
As you can see, according to the chart above, Cardano is correcting the trend after going through an uptrend and recording the peak of its price growth in the price range of 2.46.
In this correction process, this currency is forming lower ceilings. ADA is also involved in the EMA200 in its daily time frame, which can be considered as a support.
The next valid support is the range of $ 1, which if the price below the EMA200 stabilizes and also the support of $ 1, we should wait for a deeper correction from the ADA. If the price returns, the range of 1.47 is considered as the resistance ahead. Taken.
It should be noted that the ADA needs to increase the trading volume to return to its previous uptrend, because the trading volume is now much lower than in the past.
In this correction process, this currency is forming lower ceilings. ADA is also involved in the EMA200 in its daily time frame, which can be considered as a support.
The next valid support is the range of $ 1, which if the price below the EMA200 stabilizes and also the support of $ 1, we should wait for a deeper correction from the ADA. If the price returns, the range of 1.47 is considered as the resistance ahead. Taken.
It should be noted that the ADA needs to increase the trading volume to return to its previous uptrend, because the trading volume is now much lower than in the past.
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