Cardano
Cardano in anticipation of a rally! Starting level of $0.70!
After updating the historical maximum of $3.0 per coin, Cardano fell into a semi-annual downward peak. And in the last trading week of April, Cardano had a real opportunity to reverse the current trend and push off from the key local support level of $0.70 into a correction, followed by the potential to grow into an upward channel in order to test the $2.0 resistance level, which will be the start for the subsequent ascent to the top of $3.0. A good signal for a turning point in the current situation will be a confident breakdown of the trend line of the current semi-annual downtrend.
If the $0.70 support fails and Cardano remains in the grip of a downward trend, short sales may well fail the instrument to the level of $0.2, which has extremely negative consequences for the liquidity of the coin.
Cardano in anticipation of a rally! Starting level of $0.70!
After updating the historical maximum of $3.0 per coin, Cardano fell into a semi-annual downward peak. And in the last trading week of April, Cardano had a real opportunity to reverse the current trend and push off from the key local support level of $0.70 into a correction, followed by the potential to grow into an upward channel in order to test the $2.0 resistance level, which will be the start for the subsequent ascent to the top of $3.0. A good signal for a turning point in the current situation will be a confident breakdown of the trend line of the current semi-annual downtrend.
If the $0.70 support fails and Cardano remains in the grip of a downward trend, short sales may well fail the instrument to the level of $0.2, which has extremely negative consequences for the liquidity of the coin.
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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.
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.