Hell today crashed by 10% as the bears returned.
Key support levels: 0.90 US dollars, $ 0.73
Key resistance levels: 1 US dollars, $ 1.3
1. The price is fighting for key support
Cardano is going to decide where he will go further. If the key support of 90 cents is not held, then it will turn into resistance and see that the price falls below 73 cents the next time. At this moment, ADA will make a lower low level, which may indicate a long correction.
2. The impulse turns over
The volume makes lower maximums, the price becomes a lower maximum, like the RSI and MACD histogram. These are all bear signals. It would be surprising to see the key retention of support, given the foregoing. However, until the level of 90 cents is broken, it is too early to cause.
3. The upcoming bear cross for weekly deadlines
A large warning sign is given to the weekly MACD, which shows that the bear cross is inevitable. If so, it can be the beginning of a long correction, which can see that the price falls by 73 cents or below. This scenario is likely if the general market is in deep correction.
