- Cardano reversed from resistance zone
- Likely to fall to support level 0.139
Cardano cryptocurrency recently reversed from the resistance zone between the key resistance level 0.186 (which stopped earlier wave a), upper daily Bollinger B and 50% Fibonacci correction of the downward impulse from May.
The downward reversal from this resistance zone stopped the previous short-term ABC correction 2 from the start of June.
Given the overriding daily downtrend, Cardano cryptocurrency can be expected to fall further to the next support level 0.139 (which stopped earlier waves (3) and 1).
- Likely to fall to support level 0.139
Cardano cryptocurrency recently reversed from the resistance zone between the key resistance level 0.186 (which stopped earlier wave a), upper daily Bollinger B and 50% Fibonacci correction of the downward impulse from May.
The downward reversal from this resistance zone stopped the previous short-term ABC correction 2 from the start of June.
Given the overriding daily downtrend, Cardano cryptocurrency can be expected to fall further to the next support level 0.139 (which stopped earlier waves (3) and 1).
By the FxPro Analyst Team
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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.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.