CardanoSingkat
CARDANO Mostly bearish due to the 1D MA200.
ADAUSD has completed 1 full week of sideways action. Here is the reasons why.
Levels to watch:
- The 0.0465 - 0.0490 Resistance Zone. The peak of the current uptrend was exactly in the middle of that zone.
- The MA200. This is what initiated the sideways trading of the past week. Very likely that traders see it as a profit taking level.
- The 0.0395 level is the first Support to keep an eye on. As long as it holds the sentiment is neutral within 0.0395 - 0.0490.
- The MA50 has been attracted the price action since October acting as a Pivot. Very likely to do so again.
- 0.03250 is the current Support on the 1D chart.
Projection:
We expect the 0.03950 short term Support to be tested and if broken make a run to the MA50 settling around 0.0355.
Levels to watch:
- The 0.0465 - 0.0490 Resistance Zone. The peak of the current uptrend was exactly in the middle of that zone.
- The MA200. This is what initiated the sideways trading of the past week. Very likely that traders see it as a profit taking level.
- The 0.0395 level is the first Support to keep an eye on. As long as it holds the sentiment is neutral within 0.0395 - 0.0490.
- The MA50 has been attracted the price action since October acting as a Pivot. Very likely to do so again.
- 0.03250 is the current Support on the 1D chart.
Projection:
We expect the 0.03950 short term Support to be tested and if broken make a run to the MA50 settling around 0.0355.
Penafian
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