#ChristmasMarketAnalysis

ADA Cardano Coin Analysis

(12/21)

📌We had noted, thanks to God, in the previous post the existence of a downward subtrend.

📌The current situation is that the price is going in a corrective decline, as we have formed a downward subtrend indicated in red within a major upward trend, and we expect a retest of the resistance area at 0.9774 and stability above it to try to exceed the price to the 1.0350 area. This will be considered a breach of the downward subtrend, which will support the price to target 1.2271 and then 1.2979.

📌The other scenario is that if the price is able to break the support area at 0.8987, it will retest the 0.7782 area, which is also a good support area to continue the rise. $ADA