TradingView
Golden_Star1994
Jan 3, 2024 5:46 PM

CARDANO|Price return from important resistance area Short

Cardano / TetherUSBinance

Description

Cardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further.

With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.

Trade active

Comment

SELL POSITION
TP 1:0.4425
TP2:0.3877
More