Hello Traders Investors And Community,
Welcome to this update-analysis about Cardano, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. Since the former analysis Cardano completed the bear-flag-formation and showed up with the wave-count to the downside as expected, if you did not see this analysis already I highly recommend it to watch because this analysis is coherently building upon it, now as Cardano moved on with these developments I discovered further worthwhile signs that will determine Cardanos further developments, in this case, I detected all the important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how Cardano recently completed the bear-flag and showed up with the wave-developments to the downside, now Cardano is about to move into the main decisive support-zones from where it can back-up anew and possibly manage a breakout above the upper boundary of the triangle and therefore completion of it with the activation of targets, therefore it is inevitably necessary that Cardano holds the structure and bounces from the supports to do not fall below these zones again because such a price-action will invalidate the whole formation and show up with further bearish pressures. Now the next time it will be important how Cardano potentially completes this whole formation and shows up with the breakout after it, when this happens and Cardano manages the breakout sustainably such a price-action will activate upside-targets, and an appointment of 1.28 is likely. After this has reached the situation needs to be elevated anew and if Cardano manages to continue bullishly further or firstly forms a reversal to stabilize in the structure and back-up anew.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Welcome to this update-analysis about Cardano, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. Since the former analysis Cardano completed the bear-flag-formation and showed up with the wave-count to the downside as expected, if you did not see this analysis already I highly recommend it to watch because this analysis is coherently building upon it, now as Cardano moved on with these developments I discovered further worthwhile signs that will determine Cardanos further developments, in this case, I detected all the important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how Cardano recently completed the bear-flag and showed up with the wave-developments to the downside, now Cardano is about to move into the main decisive support-zones from where it can back-up anew and possibly manage a breakout above the upper boundary of the triangle and therefore completion of it with the activation of targets, therefore it is inevitably necessary that Cardano holds the structure and bounces from the supports to do not fall below these zones again because such a price-action will invalidate the whole formation and show up with further bearish pressures. Now the next time it will be important how Cardano potentially completes this whole formation and shows up with the breakout after it, when this happens and Cardano manages the breakout sustainably such a price-action will activate upside-targets, and an appointment of 1.28 is likely. After this has reached the situation needs to be elevated anew and if Cardano manages to continue bullishly further or firstly forms a reversal to stabilize in the structure and back-up anew.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.