on long term chart:
Now on the weekly chart, the priceline has started its move in an . At the moment it is at the resistance of this channel. There is also 25 support above the support of channel and 50 is also moving up to the support.
formation and a possible move to $0.20:
On 4 hour chart, the price action is moving in a and rejected by the resistance. In case of breakout the price action of Cardano can reach at $0.20.
The priceline has also formed a within the above pattern. There is also 100 at the support of this channel.
On 2 hour chart, the priceline is also forming a . Now the potential reversal zone of this move starts from $0.1479 and ends up to $0.1440. This is the same level where we have the supports of and channel on 4 hour chart.
There is a strong possibility that the priceline will retest the supports of and channel on 4 hour chart and then move up for breakout to hit $0.20 very soon. But if the price acton of ADA will break down these supports then it may re-test the support of an on weekly chart that is at $0.10.