CARDANO - ADA/USD - cycles and volume study - 08/30/2021 (GMT)
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CARDANO - ADA/USD Chart
The 6:00 high from yesterday forecast the low today at 2.76. Now new impetus has to come into the market. New analyses will come from today's high so far which suggests a low of 2.67. In my opinion, it is doubtful that we will make it down there. If we start to slip, that will be the limit to the downside. There is downward pressure for sure but buying volume is also coming in which might stem the flow to the downside. Reference the volume bar at 7:00 If we make a new daily high today, support levels will be recalculated based on the new data.
This member declared having a buying position on this financial instrument or a related financial instrument.
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