ADA Cardano Dips Below 50 Day SMA will the 200 Day Hold?

in bitcoin •  7 years ago 

Hello Fellow Crypto Investors

Below you will see the chart for Cardano. It has broken down through the 50 Day SMA and is now holding on the 100 Day SMA. I am very Bullish long term on Cardano but if it cannot hold on the 200 day SMA there might be a correction to previous support around 2500 Satoshis. What are your thoughts?

If you enjoy this kind of technical analysis let me know by Upvoting, Resteeming and commenting below. THANKS!

bitcoin cryptocurrency crypto life steemit
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!