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Sunday, March 07, 2021

CARDANO SETUP - SHORT TO 0.82735 OR LONG TO 1.60000

CARDANO SETUP - SHORT TO 0.82735 OR LONG TO 1.60000

Cardano / TetherUS BINANCE:ADAUSDT

Right here is an updated version of this pair.

As we can see, price is in an uptrend. Price has retested the support trendline three times.

There is a resistance line at 1.18122. Therefore, I expect price to bounce back to the lower trendline. Then from there, it either pump to 1.6 or dip to 0.82735.

The yellow lines are major support and resistance lines.

What do you think?

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