Published: 14 Jun 2018 › Updated: 14 Jun 2018
ADA technical analysis 14.06.18
The Cardano token had what seemed like a nice breakout out of a falling wedge at increased trading volume in the last days of May, even crossing the 18-day MA. The breakout did not move the currency up more than to 30% of my expected target, and is now down and testing a 3 month long support/resistance level headbutting against the 18-day MA.
Might prove to a be a high risk buying opportinity if combined with a very tight stop loss.
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