Cardano : Price Analysis, March 02

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ADA/BTC

Cardano has declined close to our target objective of 0.00002460. The price continues to trade below both the moving average and the downtrend line; this is a bearish sign.




ADA




We expect a small bounce from the 0.0000246 levels, but the bounce is likely to face stiff resistance at the 20-day EMA and the downtrend line.

We may turn positive on the ADA/BTC pair only after it breaks out of the 0.00004070 levels.

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