This is view for ADA Cardano \ USD , after 10% increased on early November but ADA unable to retain position price. Therefore bearish trend occurred lowering waves below support area, but a healthy bullish consolidation was formed after breakout on 11 Nov around 6-7% increased.
Current situation view was formed by two possibilities. Indicated in trend line orange and green. Orange line probably will occur after reach the support line and form more aggressive bullish trend due to high demand of market. Another possibility is on Green line where it will touch support area and bounce up toward conservative consolidation. Either way is good potential for consolidation, My recommendation is to accumulate when either support line has been reached.
3 EMA 50, 100, 200 Days indicate bullish trend.
MACD & RSI neutral 50:50 ratio.
Current situation view was formed by two possibilities. Indicated in trend line orange and green. Orange line probably will occur after reach the support line and form more aggressive bullish trend due to high demand of market. Another possibility is on Green line where it will touch support area and bounce up toward conservative consolidation. Either way is good potential for consolidation, My recommendation is to accumulate when either support line has been reached.
3 EMA 50, 100, 200 Days indicate bullish trend.
MACD & RSI neutral 50:50 ratio.