We have a strong green candle today on the ADABTC pair.
This candle just happen to show up at the same level which worked as resistance back in May before prices peaked.
This candle is also pushing prices above EMA10 and EMA21 in just one hit.
This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop.
The volume has been low and the correction long.
It is possible to see a reversal here, the conditions are there.
The rest is for the market to decide.
Namaste.
This candle just happen to show up at the same level which worked as resistance back in May before prices peaked.
This candle is also pushing prices above EMA10 and EMA21 in just one hit.
This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop.
The volume has been low and the correction long.
It is possible to see a reversal here, the conditions are there.
The rest is for the market to decide.
Namaste.
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