ADAUSDT Analysis May 11, 2022

Along with the rest of the market, we are very Bearish on Cardano, ADA. The Horizontal Support Line at ($0.75) did not hold but we are still above that Daily Downtrend Line. We can wait for some BUY Indicators from the Engineer and/or DCA in this Green Zone, but we remain Bearish on ADA for the time being.

Will we see ADA down at the ($0.35) area or will it hold tight at this level for a while...? That triangle formation looks interesting. Not Financial Advice...Trade with Confidence and Control.