Hello Crypto Friends! Let's see how Cardano is doing on the ADAUSD 4 hour charts.
If you see our charts we've seen a steady climb up for Cardano since April 12th doubling in price levels from $0.18 to $0.36 price range. Right now we're keeping a watch to see if Cardano is forming a double top pattern marked in orange circle on our charts.
Scenarios:
If a double top bearish pattern is confirmed, we can expect to see Cardano to take a dip and look for the moving averages for support levels followed by our purple trend line. If Cardano breaks above the double top pattern and pushes higher we'll be looking at the next three levels: $0.41, $0.48, $0.54.
Feel free to hit the Like Button and give us a follow if you liked our analysis.
We are currently long on ADAUSD.
Dates to keep an eye on for ADA:
1. Roadmap update: May 3.
2. Cardano 1.2 will go live by mid-May or sooner: May 15.
3. K-EVM Testnet Release: May 28.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
If you see our charts we've seen a steady climb up for Cardano since April 12th doubling in price levels from $0.18 to $0.36 price range. Right now we're keeping a watch to see if Cardano is forming a double top pattern marked in orange circle on our charts.
Scenarios:
If a double top bearish pattern is confirmed, we can expect to see Cardano to take a dip and look for the moving averages for support levels followed by our purple trend line. If Cardano breaks above the double top pattern and pushes higher we'll be looking at the next three levels: $0.41, $0.48, $0.54.
Feel free to hit the Like Button and give us a follow if you liked our analysis.
We are currently long on ADAUSD.
Dates to keep an eye on for ADA:
1. Roadmap update: May 3.
2. Cardano 1.2 will go live by mid-May or sooner: May 15.
3. K-EVM Testnet Release: May 28.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.