Cardano Daily Timeframe (Bad News vs Good Results Explained)

13 jul 2022

Cardano (ADAUSD) broke our short-term support so we have to step back and look at the higher timeframes...
And we go to the daily (24 hours per candle).

Notice that the 18-June low remains intact, even with bad inflation numbers and bad news; This is a positive.

If you see very bad news yet the market fails to break its support, it works in favor of the bulls.

We have good volume today.
Still rising and above-average.

Would be really good to see a higher low at this point...

Any questions leave a comment below.

Namaste.