Cardano
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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