Cardano(ADA): Waiting For Clean Re-Test

Cardano has made a clean breakout from sideways movement and is not seeking to turn the resistance into a support zone (to confirm it fully).

We are waiting for it to happen, and if we see a full breakdown, then we will look for short; if we see a good movement and the secureness of that broken zone, we will be looking for long.

Swallow Team

Comment:

Cardano did a nice test where price broke complitely the resistance re-test zone and also the middle line of Bollinger bands, resulting in a good 19% market price movement.

With that being said, despite a nice fall, Fe got closed above the resistance zone, which now logically has turned into support, yet we are not so comfortable calling it a support zone, so let's keep our eyes open for any potential movement to the upper zones or even another test!

Comment:

Altho Cardano has a nice breakdown of 18% at first. We also have another breakdown, which is a more proper one with smaller gains of 13%.

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