AleF93

Cardano finding support at $0.13

Long
BINANCE:ADAUSD   Cardano
After a recent power move up, Cardano has been consolidating with a possible formation of an ascending triangle. Yesterday support was found around the $0.13 mark with some confluence on a trendline draw from the start of the upward move and previous swing low as well as the 50 EMA. A possible target of the $0.17 region could be taken, a break of this level with sustained momentum will see the price gain substantially.

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.