Cardano Ascending Channel | Will It Grow More?

16 בנוב׳ 2019

Let's take a look at Cardano (ADABTC) and what will happen next according to the charts.

We have a downtrend that has been broken and two EMAs conquered, EMA10 and EMA50, so Cardano is starting to look strong.

Trading volume is still low but can easily increase once the new week starts.

EMA100 or 0.00000523 is working as resistance right now. Above this level, ADABTC can easily move higher.

If EMA100 can't be broken, then prices will retrace before going up again.

Additional details can be seen on the chart.

Thanks a lot for reading.

This is Alan Masters.

Namaste.