🚀 Trading opportunity on currency $ADA 🚀
Current price: 0.3425$ 💵
🎯 Expected targets:
• First: 0.3490$
• Second: 0.3530$
• Third: 0.3603$ 🎯
🛑 Stop loss:
• Close below 0.3390$
Cardano currency ($ADA ) is one of the most famous third-generation blockchain currencies, focusing on security and sustainability. The price has currently experienced a sharp decline and reached historical support areas, and we are currently monitoring the attempt to stabilize the price to start a corrective wave.
📊 Indicator readings:
• Averages: The price is far from the averages after the rapid drop, and this is usually followed by a corrective upward movement to touch the average (MA7).
• Momentum (RSI): The indicator is in "strongly oversold" areas (below 20), which is a strong technical signal for the potential price rebound at any moment.
• MACD: The negative momentum is at its peak, waiting for the first green bars to confirm the reversal.
💡 Advice:
The price is currently in excellent "accumulation" areas but the risk is high, do not enter with all liquidity and wait for confirmation of the rebound above 0.3450$.
⚠️ Alert:
This analysis is a personal opinion, not financial advice. The market involves risk, and the decision is yours.
