We are looking at Cardano (ADAUSD) short-term to find out the next resistance levels.
We can see an ascending channel with prices already trading above MA200 while conquering EMA300.
The first target short-term is set at 0.5000 or ~6.5% from the current price.
The second target is set at 0.05400 or 15% away from the current price.
You can find these targets on the chart.
Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk).
A stronger stop-loss can be used around 0.4438, which is the 5th of July's low.
Bitcoin continues bullish and Cardano follows Bitcoin.
The charts are always changing...
Remember to plan before trading.
Thanks a lot for your continued support.
Namaste.
We can see an ascending channel with prices already trading above MA200 while conquering EMA300.
The first target short-term is set at 0.5000 or ~6.5% from the current price.
The second target is set at 0.05400 or 15% away from the current price.
You can find these targets on the chart.
Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk).
A stronger stop-loss can be used around 0.4438, which is the 5th of July's low.
Bitcoin continues bullish and Cardano follows Bitcoin.
The charts are always changing...
Remember to plan before trading.
Thanks a lot for your continued support.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.