Cardano Hits New Bearish Milestones, Time For Up?

BINANCE:ADABTC   Cardano / Bitcoin
Cardano ( ADABTC ) hit a few milestones last week by hitting a new all-time low (on Binance) and also hitting its lowest ever on the RSI .

Let's look at this on the weekly time frame:

Zoom in:
  • If we look closer, we can see a hammer candlestick , which is bullish on this setup, as well as negative 9 count on the TD Sequential.
  • The MACD histogram is moving in favor of the bulls and the RSI is at its lowest as mentioned above.
  • We are seeing good potential for a change of trend in just a few weeks if not earlier...

Let's take a look at the daily chart now, this is the main chart above:

If Cardano ( ADABTC ) can remain above EMA10 (0.00000476), we can expect for it to move higher and test the next resistance at 0.00000591.

On the bearish side, the last low should be our main support. With decreasing volume and bears going out of the picture, this is the less likely scenario, but we still remain open and prepared for both (up or down - sideways).

If you want to support us and show us some love, share this chart with everyone you know.

Where do you think that Cardano is headed next?
Will it move up here or will it crash some more?

Share your thoughts with us in the comments section below!

🌐 Alan Masters Trades PREMIUM| The Best Altcoins Trades

🟥 Alan Masters Crypto
🌟 Binance Calls

➡️ Telegram


Ideas relacionadas


Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Funcionalidades del gráfico Precios Recomendar a un amigo Normas Centro de ayuda Soluciones broker y sitio web Widgets Soluciones gráficas Biblioteca de gráficos ligeros Blog y Noticias Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Amigos referidos Monedas Mis Tickets de Soporte Centro de ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión