#cardano - *Update* H6 on Support
I am very sorry I am not on my actual Computer due to a hospital stay, but still a quick update from me:
ADAUSDT is just sitting on the lower support of the potential falling reversal wedge. Due to the fact I cannot see any signs of relief right now, I am going to stay away from any pre-mature spot buys, also because Bitcoin is not out of the woods yet. Even if Cardano is going a bit lower, there is still a quite strong former accumulation, that provides some protection.
Targets remain until we see differently. As usual, marked important price-levels. Monthly Pivot is far away.
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Warm regards,
Neu
ADAUSDT is just sitting on the lower support of the potential falling reversal wedge. Due to the fact I cannot see any signs of relief right now, I am going to stay away from any pre-mature spot buys, also because Bitcoin is not out of the woods yet. Even if Cardano is going a bit lower, there is still a quite strong former accumulation, that provides some protection.
Targets remain until we see differently. As usual, marked important price-levels. Monthly Pivot is far away.
____________________
Warm regards,
Neu
Commento:
ADAUSDT has broken down this wedge and hit the red zone. Cardano is in serious trouble when this falls.