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Cardano(ADA): Fakout Has Happened

Long
ADAUSDT Perpetual Contract (BYBIT:ADAUSDT.P)  
SwallowPremium Updated   
BYBIT:ADAUSDT.P   ADAUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Cardano has made a nice fakeout where the price got rejected near 100EAM.

We are seeing a good chance of upward movement here toward the upper resistance zone, so let's see.

Swallow Team
Comment:
snapshot
Cardano showed good strength, near 100 EMA, while the new daily is testing that same broken zone (which is natural movement).

We are looking at how the new daily is going to close, and if we see a further push here, then we will most likely see a touch to the upper zones from where we would be looking for that short position!

If we close below 100 EMA, then we will most likely see a rise to 200 EMA!

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