The selling at 1.3$ was too weak and it could not make ADA fall anymore. So in the next few days ADA will rise back to the $1.5 or even $2 zone. In the bad case when ADA loses the 1.3$ area, the 1.1$ area is a very reliable support to buy in

📈RED PLAN
🔴Buy : 1.27-1.33$. SL if B 🔴Buy : 1.47-1.53$ if A. SL if B
📉BLUE PLAN
🔴Sell : 1.47-1.53$. SL if A 🔴Sell : 1.95-2.05$. SL if A
🟣PURPLE PLAN
🔵Sell : 1.27-1.33$ if B. SL if A 🔵Buy : 1.07-1.13$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network with its inception dating back to 2015. It utilizes a modified version of UTXO (EUTXO) to accommodate support for smart contracts, which is currently under development.
  • It is supported by three main organizations: the Cardano FoundationIOHK, and Emurgo. They all work in conjunction to support development, promotion, and commercial adoption efforts.
  • Cardano’s progress of development is divided into 5 phases, which are concomitantly rolled out through a process that relies heavily on academic research and engineering best practices.
  • Cardano is expected to implement full support for smart contracts by the end of 2020 with the final Goguen update.