Cardano Price Analysis: First Evidence of Nearby Bottom, Will ADA Soon Retest $1? - BitcoinEthereumNews.com
TeknolohiyaPagsusuri sa Presyo ng Cardano: Unang Katibayan ng Nearby Bottom, Malapit na Bang Sulitin ng ADA ang $1?04 / 30 / 2022Balita ng Ethereum ng Bitcoin It has already been 240 days of a continuous downtrend for ADA, and it‘s not over yet. Despite that ADA formed a promising market structure in March, April’s monthly candle so far is showing a 35% drop. Teknikal na Pagsusuri ng Teknikal na Pagsusuri Ni Kulay-abo Ang Pang-araw-araw na Tsart Cardano (ADA) is trading inside a falling wedge (marked orange) on the daily timeframe, which is technically a reversal pattern. Also, the RSI indicator has also reached a level at which the price has started to rise in the previous times after touching that. By hitting the wedges bottom, the RSI indicator will also enter the oversold area, and a possible correction leg towards resistance at $1 could take place. A bullish scenario is valid if support at $0.7 can prevent a further price drop. Otherwise, the newly formed trend must be re-tested by forming a lower low. Furthermore, breaking the challenging resistance in the $1-$1.25 can be considered the end of the months-long downtrend. Mga Moving Average: MA20: $0.90 MA50: $0.97 MA100: $0.98 MA200: $1.31 Ang 4-Oras na Tsart On the 4-hour timeframe, the price is moving