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Cardano is now trending near the confluence zone between the horizontal support and the support trend line . The area of the $0.135 - $0.133 can be considered as a strong support. I'll wait for 2 possible scenario during this movement. First scenario is when we see a break out of the yellow resistance trend line , I'll activate the long position and targeting $0.165 - $0.17 . But if the price breaks below the white support zone , I'll anticipate it with a short position to possible $0.1. For now, I'll stay neutral but I do believe a break out is expected soon.
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