Cardano (ADA): Another Touch To 100EMA

Cardano made a nice bounce after our last prediction of movement towards that lower supportive zone.

We are now seeing a price touching 100 EMA, which is the next zone of resistance, and the same goes for 200 EMA.

We are keeping an eye on both of those zones for any potential rejections to happen, so eyes open!

Swallow Team

Comment:

Cardano has been rejected again from 100EMA while moving slowly towards the lower support zone.

While we are in the air like that (between two zones), there is no point to enter into position yet, so we are waiting for any of those upper or lower zones to be reached!

Swallow Team

Comment:

Cardano has made a nice small movement to the lower zone (6% movement).

We are now looking for a potential breakdown to happen after seeing a nice rejection of 100EMA recently, which shows a good demand for further movement to lower zones here!