Daily analysis(TA): ADA Cardano Form A Descending Triangle!

in #ada4 months ago

Daily analysis(TA): ADA Form A Descending Triangle!

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The main support is forming near 1.07025$ level, any more losses might lead the price towards 1.03116$-0.97850$-0.95115$ important support levels.
The new resistance is the 1.14650$ level, if ADA submit this resistance level it will be able to scale into a next resistance level in 1.16650$-1.20000$

Hourly MACD – The MACD is in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now Below the 30 level.

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