$ Cardano ADA vs USDT 19 January: New high on $ADA as expected.
Technical Analysis Cardano in 4 hours.
I still like the idea of a new high. Let's have clear objectives for a 4-hour timeline and see how this will develop
It still looks like it wants to climb to its high of $ 1, but currently the resistance at $ 0.38 is strong, however it is consolidating very well; If it manages to break the resistance at $ 0.42, the next station will probably be $ 0.55 + 43%. (Probability 2).
However, it must be kept in mind that the uptrend line is at $ 0.29, the price can return and make a longer consolidation, towards the objectives. (Probability 1).
If the price loses the support of $ 0.27 - $ 0.28 at the uptrend line in 4 hours, there is risk of downturn to $ 0.20. (Probability 3).
What probability do you expect to develop????. Carry your trading with caution and protective stops always.
Next Goals:
Tp1. $ 0.55 + 43%
Tp2. $ 0.74 + 93%
Tp3. $ 1.0 + 170%
I still like the idea of a new high. Let's have clear objectives for a 4-hour timeline and see how this will develop
It still looks like it wants to climb to its high of $ 1, but currently the resistance at $ 0.38 is strong, however it is consolidating very well; If it manages to break the resistance at $ 0.42, the next station will probably be $ 0.55 + 43%. (Probability 2).
However, it must be kept in mind that the uptrend line is at $ 0.29, the price can return and make a longer consolidation, towards the objectives. (Probability 1).
If the price loses the support of $ 0.27 - $ 0.28 at the uptrend line in 4 hours, there is risk of downturn to $ 0.20. (Probability 3).
What probability do you expect to develop????. Carry your trading with caution and protective stops always.
Next Goals:
Tp1. $ 0.55 + 43%
Tp2. $ 0.74 + 93%
Tp3. $ 1.0 + 170%