๐ Cardano (ADA) Technical Analysis
๐ Price Levels:
Current Price: Approximately 0.347 USDT
24-Hour Change: -0.29%
๐ Key Insights:
1. Ascending Wedge Pattern:
ADA/USDT is forming an ascending wedge pattern, indicating potential upward movement.
Keep an eye on the breakout for potential gains.
2. Support and Resistance:
Resistance Zone: ADA is approaching a critical resistance level.
Support: Around 0.344 USDT.
3. Long-Term Outlook:
Despite short-term corrections, Cardano remains a strong project.
Consider your risk tolerance before making any trading decisions.
๐ฏ Entry Strategy:
Buy Entry: Wait for a clear breakout above the resistance zone (above 0.360 USDT).
Stop Loss: Set a stop loss just below the support level (around 0.340 USDT).
:Remember to do your own research and stay informed! Happy trading! ๐ก#Write2Earn! #ADA.ๆบ่ฝ็ญ็ฅๅบ๐ฅ๐ฅ #adabear #MarketDownturn #Write2Earn!
