Price has been consolidating between two zones (Supply and Demand zone).
As per this time frame, the consolidation will continue as long as price rejects the two zones.
Anticipation: A break and close of price from either the demand zone or supply zone will determine the short term direction of the price of Cardano.
Price of gold against USD had reached an all time high of 2075.84 before dropping.
The drop could be considered a retracement if it rejects the demand zone.
If it breaks the demand zone on the downside, the drop will continue
1. Price in the daily time frame was consolidating between two levels, marked with the dotted blue horizontal lines.
2. But as it was consolidating, it was closing lower and lower, that is, making small Lower Highs.
3. And also with the zone drawn, we can see that price was breaking and retesting the zone on the downside.
4. However, even though the trend is an...
