Cardano(ADA): Look At 100 & 200 EMAs

Cardano is showing some strong momentum here, where coin is pushing towards that 200EMA (looking for a breakout).

We are monitoring the 100 EMA line and resistance zone from where we are looking to see a good rejection (if the price reaches this zone).

If we see early rejection near 200EMA, we will be looking at early trade as well!

Swallow Team

Comment:

We got our 200EMA touch from where we had so far pretty good rejection (sharp one as well).

We are not keeping an eye on further daily candle movement or a closing price as well. So far looking good!

Comment:

Cardano has had a humble 5% market price movement, and now we are seeing further downward pressure as well.

Although we might see a full breakdown here, we are still looking at that DCA zone as a potential top-up zone.

Comment:

200EMA has fully rejected the price and resulted in a nice 11% market price movement.

Comment:

200EMA had rejected the price fully and resulted in a good 20% market price movement!