Cardano on BitMEX (ADAH19) Is Showing Signs of Revival

Cardano (ADAH19) is showing early signals of revival.

This is the 1H time frame, so the signals here are weak for long term, but good short term.

Looking at this chart, we can see several reversal signals.

• We have a Dragonfly doji (marked light blue on the chart).
  
• Followed by a higher low with a full green candle (marked purple).
  
• This same green candle broke above EMA10 with above-average volume.
  
• The MACD printed an aggressive bullish crossover.
  
• The RSI is bullish.
  
• Down trendline broke.
  

These are the early but good signals.

Below you can also find the support/demand zone, which is where price would stop if it moves back down.

You can also see our stop loss zone.

These are some signals for your learning and entertainment.

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Thanks a lot for reading.

Namaste.