π² Cardano Has High Potential
π² Nearest strong support zone: around the 0.5 level of the upward wave.
π² Nearest strong resistance zone: around the 0.236 level of the downward wave.
π² Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
π² Price action: Cardano has fallen from its peak as much as other popular cryptocurrencies, it looks like we're in for a bit of a sustained accumulation before continuing the upward breakout as is the case with cryptocurrencies that have scored a sizable drop from their peaks but are also among the most popular. Looking at the coming trend of strengthening of the dollar, I do not expect a continuation of the increases at the current price moment.
π² The scenario I'm playing out is to execute an upward correction to the 0.5 level then accumulate before continuing the upward breakout. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
π² Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
π If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. π
π² Nearest strong support zone: around the 0.5 level of the upward wave.
π² Nearest strong resistance zone: around the 0.236 level of the downward wave.
π² Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
π² Price action: Cardano has fallen from its peak as much as other popular cryptocurrencies, it looks like we're in for a bit of a sustained accumulation before continuing the upward breakout as is the case with cryptocurrencies that have scored a sizable drop from their peaks but are also among the most popular. Looking at the coming trend of strengthening of the dollar, I do not expect a continuation of the increases at the current price moment.
π² The scenario I'm playing out is to execute an upward correction to the 0.5 level then accumulate before continuing the upward breakout. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
π² Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
π If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. π
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«