ADA | Cardano
"Always warm, always sunny, sometimes Colorado" - Charles Hoskinson.
Ada dumped from ATH and has been held up by a backside daily hold level created 19 July (Dotted red). As price attacks the local 1hr trend and daily trend an fails, no worries. The ADA structure can still ladder off of the bottom daily trend created 19 May (2 support trends marked in red). There is an untested 4hr hold and break level at $1.08 & $1.03.
Red = Daily
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions.
Ada dumped from ATH and has been held up by a backside daily hold level created 19 July (Dotted red). As price attacks the local 1hr trend and daily trend an fails, no worries. The ADA structure can still ladder off of the bottom daily trend created 19 May (2 support trends marked in red). There is an untested 4hr hold and break level at $1.08 & $1.03.
Red = Daily
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions.
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