– Cardano reversed from resistance zone
– Likely to fall to support level 0.155
Cardano cryptocurrency recently reversed from the resistance zone between the resistance level 0.210 (former support from February), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from March.
The downward reversal from this resistance zone stopped the previous short-term ABC correction 4.
Given the clear daily downtrend, Cardano cryptocurrency can be expected to fall further to the next support level 0.155 – which stopped earlier waves a and c.
– Likely to fall to support level 0.155
Cardano cryptocurrency recently reversed from the resistance zone between the resistance level 0.210 (former support from February), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from March.
The downward reversal from this resistance zone stopped the previous short-term ABC correction 4.
Given the clear daily downtrend, Cardano cryptocurrency can be expected to fall further to the next support level 0.155 – which stopped earlier waves a and c.
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.