CARDANO PRICE ANALYSIS
There were a couple of attempts by buyers to push ADA price above the $0.3800 and $0.4000 levels against the US Dollar. However, they failed and as a result, there was a downside reaction below the $0.3500 level. The price moved below the 23.6% Fib retracement level of the last wave from the $0.2615 low to $0.3805 high. The downside move was steady, but the price found support near the $0.3200 level.
Moreover, the 50% Fib retracement level of the last wave from the $0.2615 low to $0.3805 high acted as a support. ADA is currently holding the $0.3200 support, but it is struggling to move higher. There is a short term contracting triangle forming with resistance at $0.3400 on the hourly chart of ADA/USD. The pair may soon make the next move either above $0.3500 or below $0.3200. If there is a break above $0.3500, the price may retest the $0.3800 level. Above $0.3800, there could an attempt to break the $0.4000 level.
your post really very valuable for me.because i don,t know cardano price matter.i have new joined to steemit few days ago.so, your post doing to help cardano price know matter.thank you very much for your good and important post...dear friend..@amitraj...
Nice.
@amitraj
I Want to ask for his advice, let his steemit account grow like you.
Insightful waiting for it to break out. Thanks for sharing
You got a 1.97% upvote from @postpromoter courtesy of @amitraj!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
This post has received a 4.6 % upvote from @boomerang thanks to: @amitraj
This post has received gratitude of 1.63 % from @appreciator thanks to: @amitraj.