Though Cardano broke out of the downtrend line on March 21, it could not break out of the 20-day EMA and the horizontal resistance at 0.00002460. Our buy levels of 0.000025 have not triggered and stand canceled.
The ADA/BTC pair will spend a few days in the range of 0.00001690 and 0.00002460. A breakdown below the supports will prove to be bearish while a breakout will carry prices higher. Therefore, we need to wait for a breakout and close above the overhead resistance before initiating any trade.