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Cardano (ADA): Successful Rejection From Resistance
Cardano has made a nice re-test of the local resistance zone, where we have had a successful rejection so far.
We are looking for further pressure from sellers, which would result in a movement towards the zone of liquidity here!
Swallow Team
We are looking for further pressure from sellers, which would result in a movement towards the zone of liquidity here!
Swallow Team
Nota
Cardano is still trading below the major resistance, where we have had a good rejection so far.
Pressure from sellers is seen so there are more and more chances that we will see our target being reached soon!
Nota
Cardano is still below the resistance, where the price has been moving sideways for the last 48 hours.
Our game plan has not been executed; we wait for a sharp rejection to happen once we exit that sideways tunnel.
Nota
While Cardano had a nice 10% movement to lower zones, the price did not reach our target zone yet, so we are waiting patiently.
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