Earlier last month, the Bulls held the line at $1 and now the bulls are holding the line at $2 which is the low fib retracement.
This is a strong support
We are near the bottom of the long-term channel, which tells me we are still in a long-term uptrend on Cardano, despite being in a short-term down trend.
A good level to accumulate. I expect to see a bullish bounce.
This is a strong support
We are near the bottom of the long-term channel, which tells me we are still in a long-term uptrend on Cardano, despite being in a short-term down trend.
A good level to accumulate. I expect to see a bullish bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.