Cardano 4H Update | All Scenarios (Keeping It Simple)

٣ يوليو ٢٠٢٢

Things are not looking good short-term.

We can start right away by seeing ADAUSD below EMA10, aiming at our main support.

Yet, we are good on this chart as long as we stay above the 18-June low (same as Bitcoin) of 0.04210.
Red arrow.

Now, if this support level breaks, we are still bullish on Cardano (ADAUSD) above the last "critical support".

This next support level is set at 0.03884 and came in 12-May.
The same day the rest of the Altcoins market printed its low point.

Here is the chart:

It needs more time...

Traders are being hunted and that's why... See the details/explained below:

Namaste.