Cardano (ADA)It Can Be Historical Moment Cardano Is Breaking Out Key Level Resistance

By moon333 | moon333 | 26 Jan 2021


 

Hey friends, hope you are well, and welcome to the new update Cardano coin.

 

Breaking out key level resistance:

During the powerful bullish rally on the long-term first, the price action broke out the $0.15 resistance, and after re-testing, this resistance as a support move to the next resistance of $0.385. This is the key level resistance for ADA coin because this resistance is not broken out since 2018. If this resistance will be broken out then the price action of ADA can reach $1.4 very easily.

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The EMAs and Ichimoku cloud:

On the weekly chart, the price action of ADA coin has is moving above the exponential moving averages 10 and 21 and using these EMAs as good support.

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On the weekly chart, the price action of ADA with Bitcoin pair is breaking out the Ichimoku cloud. Once this cloud will be broken out then the Cardano can turn more bullish.

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Conclusion:

This can be a historical moment for ADA, because on one side in the US Dollar market it is breaking out the key level resistance and in Bitcoin marked it is breaking out the Ichimoku cloud strong resistance.

 

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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