1350 sats was the neckline of the inverse Head and shoulder. This is the zone which lead to the breakout.
IHS played out very well and our target of 1900 was reached.
A full retrace to Breakout zone so early is a surprise. But, none the less cardano price against btc is in buy zone and this support should hold.
My Previous support zones were 1700 and 1530. Price bounced from both those zones but it was very short lived.
Looking at the price action on Binance, it seems like Whales are suppressing the price by building sell walls. Well, thats just what i see.
But, Price must bounce 1350 region because Daily Soch RSI is super oversold, Bulling divergences on 4h charts and Ofcourse 1350 strong resistance now turning Support.
IHS played out very well and our target of 1900 was reached.
A full retrace to Breakout zone so early is a surprise. But, none the less cardano price against btc is in buy zone and this support should hold.
My Previous support zones were 1700 and 1530. Price bounced from both those zones but it was very short lived.
Looking at the price action on Binance, it seems like Whales are suppressing the price by building sell walls. Well, thats just what i see.
But, Price must bounce 1350 region because Daily Soch RSI is super oversold, Bulling divergences on 4h charts and Ofcourse 1350 strong resistance now turning Support.