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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎯 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.