Hello, dear traders welcome you to this ADA/ USDT 1DAY chart analysis. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see at the above mentioned chart that Cardano has been in a downtrend for over 8 months now. I can see the first signs of strength appearing on the chart. The volume indicator is showing large sales - it means that the Holders have finally been thrown out of the market.
In current scenario ADA is trading above the green support zone. Now I am expecting more % down towards the lower support zone area which is also a good buying zone for ada.
If ADA HOLDS the upper trend line support well then soon we will able to see a bounce towards the yellow resistance zones at the price level of $1 - $1.2 in upcoming weeks which is almost 280% from the bottom level.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
dominance of btc alone got better then will be touching the stop lose easily especially after btc vol greater than 2b and price croses 32.5 k. on ther side if dominance of btc and eth gone side by side then chances are as you mentioned i agree in the second trend of the market.