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toothpasta1
9 mar 2018 01:21

Cardano Struggling to Find Support 

Cardano / BitcoinBinance

Beskrivning

It's looks to me like ADA has broken a major support zone, and the only other support I see is around 1100-1500 sats; unless, of course, if ADA forms a new support level. We do have some bullish divergence with the RSI (denoted by the green line). So we may see a reversal in the near future. If not, Cardano could end up hurting a lot more.

Based on the current trend (denoted by the blue lines) I think we could see ADA at 1500-1700 sats (yellow zone) if we don't see a new support form sometime soon.

Would love to hear what you guys think.

Cheers.
Kommentarer
ravindersinghchopra1
I believe 120 sat may be a support. Not by technical analysis but by fundamental analysis for this time period.
Mer