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AlanSantana
Mar 16, 2022 12:31 AM

Cardano Challenges Critical Support = 50% Bullish vs 50% Bearish 

Cardano / U. S. DollarKraken

Description

The Doji, which came up yesterday for ADAUSD, signals lack of momentum/indecision and also favors continuation at this point.

We see prices trading below EMA10.
This is a decision point.

Here we have a "critical support".
If this level break, we will see a strong drop.

At the same time, a reversal can happen anytime but the technicals are currently favoring the bears side.

Namaste.
Comments
BDG
How far will it drop?
AlanSantana
@BDG, I mapped some levels on the following chart (these are not researched deep but can give a general idea).

$0.66 and $0.29 would be the main ones on a strong bearish wave.

ppip
@BDG, wont
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