Cardano has formed a finished bullish cypher. According to my counts, the key resistance zone is located in the area of 0.087. However, on the way up to the mentioned key level, the price will face three more resistances. As the consequence of this collision we would have a Elliott Waves pattern.
At the bottom of the downward movement we can see a bullish wedge. As you know - falling wedge is the reversal pattern which makes the actual support even stronger. Moreover, there is a convergence on RSI - another bullish sign. Despite all these bullish factors, the price can return to the downward vector, so be careful. All resistances were mentioned on the chart, you can use them as targets.
At the bottom of the downward movement we can see a bullish wedge. As you know - falling wedge is the reversal pattern which makes the actual support even stronger. Moreover, there is a convergence on RSI - another bullish sign. Despite all these bullish factors, the price can return to the downward vector, so be careful. All resistances were mentioned on the chart, you can use them as targets.
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Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。