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omidsaee
May 17, 2022 2:16 PM

ADA 

Cardano / TetherKuCoin

Description

Cardano
two hours
Kucoin Exchange

Ada has adjusted its uptrend to 38.2%.
With traders reacting to the 38.2 level as well as a sharp drop in the last move, a distance of more than 50% from the price ceiling, traders' concerns have increased. Also, due to the increase in TVL in the network, the suitable position to enter for investment is in case of closing the candle above 0.61445.
If the price breaks its triangle pattern and closes below 0.54, a short position can be taken to 0.5517, 0.474 and 0.452.
Convenient support to buy a point in the first stage is $ 0.5. It should be noted that you should have capital management and liquidity to buy at lower prices and even in the range of 0.23!

Trade active

Trade closed: target reached

Trade closed: target reached

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