- 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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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
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.