- Crypto analyst tweeted that the TD sequential indicator gave out sell signals for Cardano.
- ADA makes its weekly lowest price of $0.2856 but manages to recover well.
- Cardano could reach $0.41 as per the best practice of trading the symmetrical triangle.
A crypto analyst tweeted that the Tom Denmark (TD) sequential indicator was giving out a sell signal for Cardano on the daily chart. This shows that ADA’s uptrend could come to an end very soon, as ADA could retest the $0.3 support level.
#Cardano | The TD Sequential presents a sell signal on $ADA daily chart, anticipating a correction that could see #ADA retest the $0.30 support level. pic.twitter.com/0tEvfkcpmO— Ali (@ali_charts) November 7, 2023
When looking at the price action of Cardano for the past seven days, it could be noted that it was making higher highs and high lows. It was trading at $0.3013 when the markets opened for sale. After a quick submerge into the opening, ADA started its rise. During this brief fall, ADA registered its lowest price of $0.2856 on the first day itself. ADA reached its highest price of $0.3753 on the seventh day of the week.
ADA/USD 7-Day Chart (Source: CoinMa…The post Cardano’s Uptrend Hampered by Correction, Will It Test $0.3 Support Level? appeared first on Coin Edition.