#Cardano diving deep into the strong strong support region: 2300-2400
If #Ada breaks below 2300-2400 region then the Y leg could extend the 78.6fib of larger degree (2000-2100)
If #Ada breaks below 2300-2400 region then the Y leg could extend the 78.6fib of larger degree (2000-2100)
Comment:
#cardano at the 78.6 fib support. Rsi showing divergence.
However so far $ADA has struggled to break above 9ema in 1H and higher tfs.
Below support levels 2130, 1980, 1690
However so far $ADA has struggled to break above 9ema in 1H and higher tfs.
Below support levels 2130, 1980, 1690
Comment:
#Ada is facing resistance at the 9ema in 1D, if it manages to break above then bounce till 38.2 fib retrace of Y can be expected,
However if btc decides to drop from 6500-6700 region then the break above 9ema will be difficult for #ada and the next correction leg will start with lower support level around 1670 region
However if btc decides to drop from 6500-6700 region then the break above 9ema will be difficult for #ada and the next correction leg will start with lower support level around 1670 region
Comment:
#cardano is showing bullish follow through after making that dragonfly candle around 88.6 fib level:2000
Y leg correction extended till 2000 lvl as earlier mentioned.
#Ada is currently facing resistance at the 21ema: 2300
If we get today's daily candle closing above the 21ema level then this will be the X move upwards till at least 2300-2400 region i.e the 38.2fib retrace of Y.
There's bullish crossover of 9ema and 55ema in 4H
However 4H stoch rsi is overbought and #ada is facing rejection from the 100ema level.
If #ada doesn't manage to sustain above 55ema in 4H, 9ema in 1D, then the next correction wave will start, targeting lower support regions around 1890 and 1670.
Y leg correction extended till 2000 lvl as earlier mentioned.
#Ada is currently facing resistance at the 21ema: 2300
If we get today's daily candle closing above the 21ema level then this will be the X move upwards till at least 2300-2400 region i.e the 38.2fib retrace of Y.
There's bullish crossover of 9ema and 55ema in 4H
However 4H stoch rsi is overbought and #ada is facing rejection from the 100ema level.
If #ada doesn't manage to sustain above 55ema in 4H, 9ema in 1D, then the next correction wave will start, targeting lower support regions around 1890 and 1670.
Comment:
Still no signs of RSI divergence in 1H and higher t-fs, rejected from 9EMA in 1H,
Below support lvls for #adabtc : 2200,2130,1980.