Cardano (ADA): Rejected by 100&200EMA + Bollinger BandsCardano has had another successful rejection from 100&200 EMA and Bollinger Bands in a daily timeframe.
We are now at the middle line of Bollinger Bands, which was a logical move after a sign of overbought from the BB indicator.
Now that we are at that middle line, we are looking for a breakdown to happen, which would result in a movement back to lower support and a potential bounce from there!
Swallow Team