Since the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value.
However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom.
The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance.
At this moment we can consider a bottom in place and look for more gains.
Important resistance is at 1usd figure with an interim resistance around 0.7
Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom.
The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance.
At this moment we can consider a bottom in place and look for more gains.
Important resistance is at 1usd figure with an interim resistance around 0.7
Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.