Cardano (ADA) - May 16

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We need to make sure we can get support at 0.04865130.

You should also check if you can touch the 0.05263006 point.

I think there is a possibility of creating a new wave if it rises above 0.05689900, the most important point in the vicinity of Low, and is supported.

50 EMA is rising.
If you fall without support at 50 EMA, you are likely to touch below 0.03890200.

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section

Comment:

Comment:

You need to make sure you can get support at 50EMA on the 1W chart.
You should also check if you are above 0.05689900 after the date shown on the chart.