Cardano(ADA): Looking For Lower Targets!

Cardano has pretty decent rejection from branches of EMAs, forming a smaller resistance zone right there!

We are looking for further movement to lower zones here, as long as we maintain the price below those EMAs.

Swallow Team

Kommentera:

We had a nice breakdown from Cardano, where we have so far had a nice 6.63% market marketprice movement.

first target was reached 😉

Swallow Team

Kommentera:

Not only first, but also the second target was reached, resulting in a nice 9.56% market price movement.

Now we are keeping an eye out for a potential bounce as we are forming a "double bottom" pattern here. But who knows? Maybe we will break further down here!