Cardano short term
Cardano (ADABTC) is still in consolidation following the rally from two weeks ago.
Price is trading above the support/resistance level around 0.00003 but it looks like it lost it's momentum at the moment.
If price breaks below the support level, we can expect a reaction from the ascending trendline.
If we see a break of the trendline, then the next support level is around 0.000024, where we can expect the rally to resume.
If price starts to rally from the current levels, we can expect it to reach the resistance levels around 0.000041.
Good Luck,
CryptoTrendline
Price is trading above the support/resistance level around 0.00003 but it looks like it lost it's momentum at the moment.
If price breaks below the support level, we can expect a reaction from the ascending trendline.
If we see a break of the trendline, then the next support level is around 0.000024, where we can expect the rally to resume.
If price starts to rally from the current levels, we can expect it to reach the resistance levels around 0.000041.
Good Luck,
CryptoTrendline
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