Cardano(ADA): 2 Scenarios - Where Now?
Updated
ADA is the starter of the day with a good potential for both bullish movement and bearish movement.
The first scenario is having a NCI breakdown near 100EMA, which should result in a good entry for a short position.
The second scenario is that once we see a price near $0.068 and have a further breakout, we will most likely see a continuation of the bullish movement with good entry for a long time.
The first scenario is having a NCI breakdown near 100EMA, which should result in a good entry for a short position.
The second scenario is that once we see a price near $0.068 and have a further breakout, we will most likely see a continuation of the bullish movement with good entry for a long time.
Note
ADA has had a nice rejection near the local resistance zone, which resulted in a nice breakdown from the middle line of BB.
With that being said, we are currently heading towards one of our potential entries while also attempting to break that lower supportive trend!
Note
Coin has broken that small trend zone where price has been for quite some time now below it.
We are looking for further breakdowns, and once we see a clean one near our entry zone, we are going to try to short this coin!
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