Technical Analysis Cardano in 4 hours.
I still like the idea of a new high. Let's have clear objectives for a 4-hour timeline and see how this will develop
It still looks like it wants to climb to its high of $ 1, but currently the resistance at $ 0.38 is strong, however it is consolidating very well; If it manages to break the resistance at $ 0.42, the next station will probably be $ 0.55 + 43%. (Probability 2).
However, it must be kept in mind that the uptrend line is at $ 0.29, the price can return and make a longer consolidation, towards the objectives. (Probability 1).
If the price loses the support of $ 0.27 - $ 0.28 at the uptrend line in 4 hours, there is risk of downturn to $ 0.20. (Probability 3).
What probability do you expect to develop????. Carry your trading with caution and protective stops always.
Next Goals:
Tp1. $ 0.55 + 43%
Tp2. $ 0.74 + 93%
Tp3. $ 1.0 + 170%
I still like the idea of a new high. Let's have clear objectives for a 4-hour timeline and see how this will develop
It still looks like it wants to climb to its high of $ 1, but currently the resistance at $ 0.38 is strong, however it is consolidating very well; If it manages to break the resistance at $ 0.42, the next station will probably be $ 0.55 + 43%. (Probability 2).
However, it must be kept in mind that the uptrend line is at $ 0.29, the price can return and make a longer consolidation, towards the objectives. (Probability 1).
If the price loses the support of $ 0.27 - $ 0.28 at the uptrend line in 4 hours, there is risk of downturn to $ 0.20. (Probability 3).
What probability do you expect to develop????. Carry your trading with caution and protective stops always.
Next Goals:
Tp1. $ 0.55 + 43%
Tp2. $ 0.74 + 93%
Tp3. $ 1.0 + 170%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.