ADA/USD Downside – 30 March 2022

Cardano is at the YTD open price, which we anticipate to act as a resistance. Technically price is also at a support / resistance structure, and the stochastic and RSI are both at overextended levels.

Downside target: $0.70

Violated above: $1.40

Entry: At market.

ADA/USD 1D Chart

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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