Cardano "ADA" experienced a great pump while an unstable market and broke its last High level.
Currently, it is in a free zone without any support and resistance. now we should see when it goes down to make a resistance and where it settles down to make a support level.
But there is a possible scenario, as its last pump and dump, ADA will make a Head and Shoulders pattern complete, so it's time to dump on below support level then makes its right shoulder.
anyway, according to RSI and MACD indicators, the buyer's thirst is low now, so apart from the possible scenario, we could consider a correction soon.
1.80 ~ 1.90 is a heavy support level.
Currently, it is in a free zone without any support and resistance. now we should see when it goes down to make a resistance and where it settles down to make a support level.
But there is a possible scenario, as its last pump and dump, ADA will make a Head and Shoulders pattern complete, so it's time to dump on below support level then makes its right shoulder.
anyway, according to RSI and MACD indicators, the buyer's thirst is low now, so apart from the possible scenario, we could consider a correction soon.
1.80 ~ 1.90 is a heavy support level.
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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.