Hi,
Cardano made a nice bull run up before showing divergence at the top and a subsequent strong fall to support. If you look at the Daily chart there is still room to move lower before RSI moves into the oversold area.
Expect ADA to make a short term bounce from this level before another test of the support zone. Watch BTC closely as most coins are reacting to and following its moves.
Good trading!
Cardano made a nice bull run up before showing divergence at the top and a subsequent strong fall to support. If you look at the Daily chart there is still room to move lower before RSI moves into the oversold area.
Expect ADA to make a short term bounce from this level before another test of the support zone. Watch BTC closely as most coins are reacting to and following its moves.
Good trading!
Comment:
Keep watching. Cardano is good to rise from here.