Cardano a watch only
Updated
Hi,
Cardano made a nice bull run up before showing divergence at the top and a subsequent strong fall to support. If you look at the Daily chart there is still room to move lower before RSI moves into the oversold area.
Expect ADA to make a short term bounce from this level before another test of the support zone. Watch BTC closely as most coins are reacting to and following its moves.
Good trading!
Cardano made a nice bull run up before showing divergence at the top and a subsequent strong fall to support. If you look at the Daily chart there is still room to move lower before RSI moves into the oversold area.
Expect ADA to make a short term bounce from this level before another test of the support zone. Watch BTC closely as most coins are reacting to and following its moves.
Good trading!
Note
Keep watching. Cardano is good to rise from here.
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