ADAUSDT (Cardano) – Week 19 – Correction and then up
For this pair we expected an up move and the price did exactly that. Now, after reaching an all-time high of 1.64 USDT on the 9th of May we saw a sharp reversal that seems to have stopped on the support area. Although the higher probability move is to the upside, the price may retrace further down to the blue trendline marked on the chart before going higher again.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
