Beautiful Cardano (ADA) Chart Resistance and Support
Absolute Beauty !!!
Look how Well FIB Retracement sits.
A long way to go for ADA to Break that ATH. So, lets take this step by step.
Currently, Ada is fighting with the neckline of the possible Inverse head and shoulder bottom.
IHS target is around 1900-1950 zone. Which also happens to be 0.5% retracement zone.
Shelley is Coming.
Look how Well FIB Retracement sits.
A long way to go for ADA to Break that ATH. So, lets take this step by step.
Currently, Ada is fighting with the neckline of the possible Inverse head and shoulder bottom.
IHS target is around 1900-1950 zone. Which also happens to be 0.5% retracement zone.
Shelley is Coming.
تم فتح الصفقة:
تم فتح الصفقة:
Update 3:
As said in previous Update, 1700 will act as a support and it did. Bitcoin Retracement helped cardano to test that 1700 support.
Current price is 1820 sats and once again we are looking to test that 1940 Resistance.
FIB Retracement tool shows next resistance at 1940, 2200 and 2580 zone.
As said in previous Update, 1700 will act as a support and it did. Bitcoin Retracement helped cardano to test that 1700 support.
Current price is 1820 sats and once again we are looking to test that 1940 Resistance.
FIB Retracement tool shows next resistance at 1940, 2200 and 2580 zone.
تم فتح الصفقة:
1350 sats was the neckline of the inverse Head and shoulder. This is the zone which lead to the breakout.
IHS played out very well and our target of 1900 was reached.
A full retrace to Breakout zone so early is a surprise. But, none the less cardano price against btc is in buy zone and this support should hold.
My Previous support zones were 1700 and 1530. Price bounced from both those zones but it was very short lived.
Looking at the price action on Binance, it seems like Whales are suppressing the price by building sell walls. Well, thats just what i see.
But, Price must bounce 1350 region because Daily Soch RSI is super oversold, Bulling divergences on 4h charts and Ofcourse 1350 strong resistance now turning Support.
IHS played out very well and our target of 1900 was reached.
A full retrace to Breakout zone so early is a surprise. But, none the less cardano price against btc is in buy zone and this support should hold.
My Previous support zones were 1700 and 1530. Price bounced from both those zones but it was very short lived.
Looking at the price action on Binance, it seems like Whales are suppressing the price by building sell walls. Well, thats just what i see.
But, Price must bounce 1350 region because Daily Soch RSI is super oversold, Bulling divergences on 4h charts and Ofcourse 1350 strong resistance now turning Support.
تعليق:
