Hi Guys 🍀
Things aren't looking good for Cardano. As we can see ADA has just passed support on Fibonacci and BB levels. I think the price is going down for a while due to the strong sell market volumes. MACD looks bearish too so I think it's best to stop long positions.
Blue lines show support and Red lines show resistance. So we have 1 support and 2 resistance areas which can control the price to go down for a while until our support holds the price up.
Tell me if this chart helped you
Don't forget to hit like and drop comments 💚
Things aren't looking good for Cardano. As we can see ADA has just passed support on Fibonacci and BB levels. I think the price is going down for a while due to the strong sell market volumes. MACD looks bearish too so I think it's best to stop long positions.
Blue lines show support and Red lines show resistance. So we have 1 support and 2 resistance areas which can control the price to go down for a while until our support holds the price up.
Tell me if this chart helped you
Don't forget to hit like and drop comments 💚