Technical Analysis of Cardano (ADABTC)

BITTREX:ADABTC   Cardano / Bitcoin
After 4-5 days, the trend of Cardano can be identified depending upon whether is breaks the resistance or not. Till then it can go either ways.

1)Cardano is in a minor bearish trend as indicated by the sky blue resistance line.
2)The immediate support is at 0.0000244 BTC level and if it breaks, the next support will be at 78.6% Fib Retracement level.
3)It needs to break the minor bearish trend line to see any upside gains against BTC . An if it happens, the immediate target will be 50% and 38.2% Fib retracement levels.


Good Work, Sumeet :)
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