If Cardano can close the day above the highlighted green zone this will then act as the next support level. I think the red resistance line will then be broken pretty easily. Let's watch what happens and enjoy the show.
Looks like a solid bullish pattern to me. If ADA closes the day above the green support line of the bullish channel i think there is a great possibility we will see Cardano hit and maybe break the last ATH.
As you can read in my previous posts i was and still am bullish on Cardano. But.. what goes up must come down at some point. It looks like a head and shoulder pattern will form on the one hour chart although it is a little early to predict. Anyway i'm pretty sure ADA will test the previous resistance as support. If it holds we can see a spike up again, if it...
Nice to see the strength of ADA. As i predicted in my previous charts, ADA would go up if it was able to gather the strength to brake trough the resistance which it did. Let's see if ADA can brake the current resistance again and see new ATH's being set. Let's go.
As i said in my previous post about ADA it was crucial that the support would hold. Luckily it did hold and now ADA is struggeling to brake the resistance. If the candle on the 1 hour chart will close above the resistance i'm pretty optimistic and i believe we will see a up trend again.