CRYPTOCAP:ADA & BITSTAMP:BTCUSD
The recent performance of ADA (Cardano) suggests it is a promising buy for investors. After a strong recovery from a support level of $0.23 on October 19, ADA experienced a significant rally, soaring by 65% to reach $0.40 by November 11. Although it's trading slightly below this peak, ADA is maintaining an upward trajectory,...
Technical Analysis Summary
ADA/USDT
TREND ANALYSIS
We have 1 downtrend trend in red color
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading...
First of all, you can find the areas used in the analysis chart by looking at the chart below.
My thought for the current situation is that it enters the green area and tries to create a support area for itself there. (3 Candle rule) .
The green circle can be considered as the necessary safe zone for the trend.
The green ring below the green circle is the...
ADA / USDT
Local update
An example of dynamic support already working (dotted line), it is also the border of the expanding wedge, it is also the trend line.
As you can see from the chart, ADA, at the moment, lost 27% of its value at the time of the publication of the forecast. From the seller's block to dynamic support, where the buyer appeared.
This wedge...
