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Cardano 4H Update | All Scenarios (Keeping It Simple)
Cardano
Cardano 4H Update | All Scenarios (Keeping It Simple)
By AlanSantana
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Jul 3, 2022
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Jul 3, 2022
Things are not looking good short-term.
We can start right away by seeing ADAUSD below EMA10, aiming at our main support.
Yet, we are good on this chart as long as we stay above the 18-June low (same as Bitcoin) of 0.04210.
Red arrow
.
Now, if this support level breaks, we are still bullish on Cardano (ADAUSD) above the last "critical support".
This next support level is set at 0.03884 and came in 12-May.
The same day the rest of the Altcoins market printed its low point.
Here is the chart:
It needs more time...
Traders are being hunted and that's why... See the details/explained below:
Namaste.
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