Cardano has broken down the uptrend channel.
Price formed a downward channel.
Trading volumes show interest in the downside of the price.
Price dropped under 200MA (30m TF) and under 100MA (1H TF)
50MA crossed down 100MA at 30m Timeframe.
TD Sequential indicates an upside reversal at 30m Timeframe.
I expect that the price will test the resistance level, but after fixing under it will continue to decline.
Price formed a downward channel.
Trading volumes show interest in the downside of the price.
Price dropped under 200MA (30m TF) and under 100MA (1H TF)
50MA crossed down 100MA at 30m Timeframe.
TD Sequential indicates an upside reversal at 30m Timeframe.
I expect that the price will test the resistance level, but after fixing under it will continue to decline.
