ADA technical analysis 14.06.18

in #ada • 8 years ago

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The Cardano token had what seemed like a nice breakout out of a falling wedge at increased trading volume in the last days of May, even crossing the 18-day MA. The breakout did not move the currency up more than to 30% of my expected target, and is now down and testing a 3 month long support/resistance level headbutting against the 18-day MA.

Might prove to a be a high risk buying opportinity if combined with a very tight stop loss.

#cardano #crypto #ta #bullbear
8 years ago in #ada by
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