Cardano chart analysis is carried out on a 1 hour timeframe with the current upswing in price from September 12, 2018 till current date.
~0.00001418 and 0.00001374 is marked in this analysis as resistance, with the latter indicating where previous support turned into resistance.
Support level for Cardano is marked with the horizontal blue lines (between ~0.00001227 and ~0.00001157). A break below the bottom range of support could see price return to the origin of the current upswing.
The relative strength index currently indicates that bearish momentum is already running out thus favors more bullish upside in Cardano.
~0.00001418 and 0.00001374 is marked in this analysis as resistance, with the latter indicating where previous support turned into resistance.
Support level for Cardano is marked with the horizontal blue lines (between ~0.00001227 and ~0.00001157). A break below the bottom range of support could see price return to the origin of the current upswing.
The relative strength index currently indicates that bearish momentum is already running out thus favors more bullish upside in Cardano.
