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It's been a long time since I wrote cardano signals, let's look at the 4H chart today
The asset is moving locally in a downtrend, the resistance line is now in the range of $0.4360 We see that there have been attempts to squeeze the countertrend line, but so far unsuccessfully. Bitcoin is not letting the market breathe.
So far, I think that the priorities here are still descending against the background of the fall of bitcoin, they are trying to hold the $20.000 zone for bitcoin, if they can keep it, it is possible to get a rebound earlier than about $0.4263, and so the priority is the zone of interest $0.4160 to the local resistance $0.4388
It's been a long time since I wrote cardano signals, let's look at the 4H chart today
The asset is moving locally in a downtrend, the resistance line is now in the range of $0.4360 We see that there have been attempts to squeeze the countertrend line, but so far unsuccessfully. Bitcoin is not letting the market breathe.
So far, I think that the priorities here are still descending against the background of the fall of bitcoin, they are trying to hold the $20.000 zone for bitcoin, if they can keep it, it is possible to get a rebound earlier than about $0.4263, and so the priority is the zone of interest $0.4160 to the local resistance $0.4388
