Hello,
Let's have a look at Cardano ADA price prediction today. Look at the daily time frame. ADA looks under deep selling pressure but its fundamentals are stopping it going further down. It is currently squeezing and trading under a triangle.
As per daily graph, consecutive higher lows in an ascending triangle generally suggests that buyer should win. But as you see Cardano is also trading below the 50 EMA both in daily and H4 graphs. So a good selling pressure is also there.
Overall I still prefer BUY ENTRY only.
I have mentioned both possible buying entries options on the chart. Take a look and act accordingly. You may open your first buy position when you see any price action ( to confirm buy reason ) at the first support and then on the 2nd support ( if market reaches this level ).
Happy trading!
Let's have a look at Cardano ADA price prediction today. Look at the daily time frame. ADA looks under deep selling pressure but its fundamentals are stopping it going further down. It is currently squeezing and trading under a triangle.
As per daily graph, consecutive higher lows in an ascending triangle generally suggests that buyer should win. But as you see Cardano is also trading below the 50 EMA both in daily and H4 graphs. So a good selling pressure is also there.
Overall I still prefer BUY ENTRY only.
I have mentioned both possible buying entries options on the chart. Take a look and act accordingly. You may open your first buy position when you see any price action ( to confirm buy reason ) at the first support and then on the 2nd support ( if market reaches this level ).
Happy trading!
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.