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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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.