Description
⋅ Long entry for ADAUSDT at 0.53 USD.
Cardano has been below the daily kumo cloud and the 200 EMA since early April 2022.
The trend seems to be shifting to the upside now that Cardano entered the daily kumo cloud.
The 50 daily EMA has been broken as well.
On the 4H timeframe Cardano is comfortably above the 200 EMA and the Monthly Pivot Point.
These are bullish signals.
The first resistance is the top of the daily cloud at 0.56 USDT.
After that the next resistance is the Monthly R1 Pivot Point level at 0.61 USDT