Hi Guys 🍀
CARDANO is going down and up in a sideways channel. There are two blue lines for support and the match the lower and middle BB.
So we can be sure that we have good support levels.
Our resistance is matched on the higher BB which means our resistance can be a challenge as well.
If we close and confirm prices above our support and near the resistance (a 1D candle), then ADA can become bullish too. But overall this coin is at a very risky level in its prices, because it's confirming a breakout since last month, and that's why we may see a big crash. Until we get more confirmations, don't make any big moves.
Tell me if this chart helped you
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CARDANO is going down and up in a sideways channel. There are two blue lines for support and the match the lower and middle BB.
So we can be sure that we have good support levels.
Our resistance is matched on the higher BB which means our resistance can be a challenge as well.
If we close and confirm prices above our support and near the resistance (a 1D candle), then ADA can become bullish too. But overall this coin is at a very risky level in its prices, because it's confirming a breakout since last month, and that's why we may see a big crash. Until we get more confirmations, don't make any big moves.
Tell me if this chart helped you
Don't forget to hit like and drop comments 💚