CARDANO - ADA/USD - cycles and volume study - 09/07/2021 (GMT)

ADA released to the downside at 0:00 after holding the previous days support all day. Today's high puts natural support at 2.66 The low came in lower than that triggering secondary support at 2.49. The 2.77 area might be sticky to get through but good buying volume at 7:00 looks to support the buyers. 2.50 is a good price to advance from to higher highs.

Look for the market to react at 17:00 and 21:00 hours. The 2.54 low so far for the day suggests enough juice to get us to 2.69 which we have touched. We need to close above that price for the selling to end. A close above 2.77 is bullish.