- Cardano reversed from the support area
- Likely to rise to resistance level 0.6000
Cardano cryptocurrency recently reversed from the support area between the long-term support level 0.515 (which has been reversing the price from November of 2023) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the C-wave of the earlier weekly ABC correction (B) from the start of May.
Given the strength of the support level 0.515 and the oversold daily Stochastic, Cardano cryptocurrency can be expected to rise to the next resistance level 0.6000.
- Likely to rise to resistance level 0.6000
Cardano cryptocurrency recently reversed from the support area between the long-term support level 0.515 (which has been reversing the price from November of 2023) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the C-wave of the earlier weekly ABC correction (B) from the start of May.
Given the strength of the support level 0.515 and the oversold daily Stochastic, Cardano cryptocurrency can be expected to rise to the next resistance level 0.6000.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.