Daily TF
Key level @ 0.73
Breaks above this level and the downtrend would send Cardano to 0.98
With mega-bullish target @ 2.20 - 2.40 price range.
5 touches @ 1.15 - 1.17 range which could be another Take-profit zone enroute. I think also a hedge-short bet at this level could work as a separate trade.
If we fail to break above 0.73 I believe the next natural move down would the 618 fib which has multiple touch points and could present a long entry @ 0.46
Key level @ 0.73
Breaks above this level and the downtrend would send Cardano to 0.98
With mega-bullish target @ 2.20 - 2.40 price range.
5 touches @ 1.15 - 1.17 range which could be another Take-profit zone enroute. I think also a hedge-short bet at this level could work as a separate trade.
If we fail to break above 0.73 I believe the next natural move down would the 618 fib which has multiple touch points and could present a long entry @ 0.46
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.