Cardano 1H Channel Updated (Still Bull)

11 ביולי 2022

We removed the rising channel on Cardano as it has been broken twice, but the technicals remain the same; bullish.

Notice 30-June low on ADAUSD remains intact, that's the main support.

As long as Cardano remains trading above this level, the bullish potential remains active.

If ADAUSD moves and closes below this level, at that time the potential for lower prices open up.

Notice the green and red arrows...
These are the main scenarios, "IFs".

For us, for trading, it goes like this...

(1) Buy and hold.
(2) If ADAUSD goes below $0.4350 sell at a loss (tight stop-loss).
(3) If ADAUSD stays above this level and grows, collects profits.

Patience is key.

This is not financial advice.

Namaste.