Hello dear traders,
This is an analysis of the cryptocurrency Cardano, for which I am providing you with an updated daily analysis. Cardano is currently in a corrective trend and the daily buying zone is currently far from us. An excellent selling zone is marked on the chart. Once the price reaches this zone, we can enter a selling position with technical confirmation. If we do not have technical confirmation, we should also expect a new peak. However, considering the total crypto analysis, which is currently bearish, this cryptocurrency is likely to also trend downwards.
Daily Supports:
Daily Support: 0.3730
Daily Range: 0.3393
Monthly Liquidity : 0.2756
Wishing you all the success!
Fereydoon Bahrami
A retail trader in the Wall Street trading Center (Forex)
Risk Disclosure:
Trading in the crypto market is risky due to high price changes. This analysis is just one person's opinion and shouldn't be taken as financial advice. Before investing, it's best to talk to a financial advisor and do your own research. You are responsible for any profits or losses from this analysis
This is an analysis of the cryptocurrency Cardano, for which I am providing you with an updated daily analysis. Cardano is currently in a corrective trend and the daily buying zone is currently far from us. An excellent selling zone is marked on the chart. Once the price reaches this zone, we can enter a selling position with technical confirmation. If we do not have technical confirmation, we should also expect a new peak. However, considering the total crypto analysis, which is currently bearish, this cryptocurrency is likely to also trend downwards.
Daily Supports:
Daily Support: 0.3730
Daily Range: 0.3393
Monthly Liquidity : 0.2756
Wishing you all the success!
Fereydoon Bahrami
A retail trader in the Wall Street trading Center (Forex)
Risk Disclosure:
Trading in the crypto market is risky due to high price changes. This analysis is just one person's opinion and shouldn't be taken as financial advice. Before investing, it's best to talk to a financial advisor and do your own research. You are responsible for any profits or losses from this analysis
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