ADA | 1hr chart

Cardano March 20 - 31

CryptoDistribution

Most of crypto lost the February median level of support and distributed to lower accumulation trends and support zones. I had the 1hr FrontSide support market and Origin (inv.BS 2x dotted) which was also backed up by a daily low angle accumulation trend. A low angle accumulation trend was not created after test but a steep angle tend typical from BackSide candle tests. The low angle accumulation trend was created higher under the monthly median.This is not a strong structure leaving that F.V.G and lower support exposed. Price was able to test a yearly level at .27 cents and break the accumulation structure back down to the area of weakness. The support was not able to hold and broke below the daily accumulation trend down lower to end the month.

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