By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend.
In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target.
Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone.
What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency.
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ðïļ25/02/2024
ð DYOR
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The price reached our TP.
Result: More than 21%
Cheers ðĨ
Result: More than 21%
Cheers ðĨ
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This TA is still valid.