#ADAUSDT's Remarkable Bounce off Support and its Implications

29 Jun 2023

💎Yesterday, #ADAUSDT exhibited a precise bounce off the 227.2% Fibonacci retracement level, instilling strong hopes of an imminent trend reversal. However, caution is warranted as the price approaches a supply zone and remains below the downtrend trendline. At present, the market does not present the most secure buying opportunity, and sellers should remain vigilant.

💎In light of these factors, #Cardano needs to surmount the current obstacles to solidify its bullish intentions. Until then, we should anticipate range trading and a volatile price action. Nevertheless, it is only a matter of time before the price breaks, either below the support or above the resistance, signaling the opportune moment for MCP to take action.

Stay prepared, Paradisers, as we navigate the path ahead. 🌴

17 Jul 2023

Catatan

💎It took some time, but #ADAUSDT has finally reached our anticipated final resistance area. In fact, #ADA has exceeded all of our targets, experiencing a substantial 36% surge. Currently, we are witnessing a relatively strong pullback as the price approaches our previously identified resistance, which now has the potential to flip into a support level. However, the situation is not as straightforward as it may seem, and we must be prepared for the possibility of a trend reversal in the near future.

💎The MCP team diligently monitors the price action of #Cardano, and today we are excited to share our mid-term forecast with you, Paradisers. Stay tuned for the latest updates and valuable insights as we navigate the dynamic world of #ADAUSDT.