CARDANO - ADA/USD - cycles and volume study - 09/01/2021 (GMT)

Fundamentally, today is an important day for Cardano Smart Contracts. The go ahead for September 12 gets greenlit  today. If all is well with the codes today, Sep,12 will happen on schedule.

Technically, we are working off the completed low of 2.71 from yesterday. This low has the juice to  catapult us to the 2.88 price point, so it has done its job. Its other job is to pinpoint the reversal time today which is at 13:00.

The move from 2.71 to 2.85 suggests a reversal up at 10:00. The high of the day so far, puts support at 2.68. The high also plots a reversal at 22:00 today. Higher prices are possible at which point a new low will be calculated. There is also good support at 2.77 based on volume strength.