The action is turning bearish after a very weak bounce from "higher low" on the chart. There is a sequence of local lower highs on ADAUSDT daily. What to expect?
Expect a test of the "higher low" zone as support and this zone breaking. The next level that will come into question is the "main support" but this one isn't likely to be tested.
Picture the action going lower towards support and ending right in between 'higher low' and 'main support'. This is the main scenario.
This scenario will keep the broader bullish structure intact and at the same time would end as a major market flush. As many weak hands as possible are removed and yet the bulls will remain in control.
Make no mistake, whatever happens in the short-term, Cardano will continue to grow. This is only a temporary event. Patience is key.
Thanks a lot for your continued support.
Namaste.
Expect a test of the "higher low" zone as support and this zone breaking. The next level that will come into question is the "main support" but this one isn't likely to be tested.
Picture the action going lower towards support and ending right in between 'higher low' and 'main support'. This is the main scenario.
This scenario will keep the broader bullish structure intact and at the same time would end as a major market flush. As many weak hands as possible are removed and yet the bulls will remain in control.
Make no mistake, whatever happens in the short-term, Cardano will continue to grow. This is only a temporary event. Patience is key.
Thanks a lot for your continued support.
Namaste.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
