Cardano has held the $1.00 handle very well so far, but is under pressure from declining volume, a weak MACD, and a dominant Channel structure.
A rally up to $1.40 will confirm an end to the multi-month correction (ahead of BTC), while further weakness could see a replay of the January drop down toward the $0.78 level.
What do you think? Is the correction over, or is there still a few more days to go before we turn towards blue skies again?
A rally up to $1.40 will confirm an end to the multi-month correction (ahead of BTC), while further weakness could see a replay of the January drop down toward the $0.78 level.
What do you think? Is the correction over, or is there still a few more days to go before we turn towards blue skies again?
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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.