ADA/BTC hit targets now retrace watching: Cardano support zones
Updated
Quick plot to observe possible support zones for Cardano.
This is part of ongoing analysis of ADA vs BTC as linked below.
In general I am quite bullish on this coin versus most Alts.
1600 retest seem very likely soon.
1590 could be a stop hunt below 1600.
1575/55 must hold to continue uptrend.
My ADA journey this year:
Spotted the likely breakout:
Measuring the continuation:
Spotting an intermediate TOP:
Plotting the correction from that top:
This is part of ongoing analysis of ADA vs BTC as linked below.
In general I am quite bullish on this coin versus most Alts.
1600 retest seem very likely soon.
1590 could be a stop hunt below 1600.
1575/55 must hold to continue uptrend.
My ADA journey this year:
Spotted the likely breakout:
Measuring the continuation:
Spotting an intermediate TOP:
Plotting the correction from that top:
Note
Just hit first possible end of wave 5 and got a decent bounce .
Note
So it looks like first support held .
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.