Cardano (ADA) update
Currently, Cardano (ADA) is in the format of a channel, its price is in the area of USD $ 0.16; the fall of the Bitcoin is causing the bears to press the bulls for smaller values. If Bitcoin continues to fall, Cardano may have its values diminished. However, Cardano's value could reach as high as USD $ 0.13, where its strongest support line is located, which is very unlikely to be exceeded.
On the other hand, we can see the MACD indicating a positive direction, so the value should not have enough power to fall to USD $ 0.13 and test this support. If the yellow line of the chart (top row of the channel) is exceeded, prices should test the first resistance line around USD $ 0.19 and if we can overcome such support, the next support will be tested around USD $ 0.20 .
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