Cardano has risen quite some and as the price is losing momentum and there is obvious divergence in RSI, getting lower highs as well as price hitting the very top of it's channel, it's very likely that correction is starting and price is gonna retest it's previous resistance and current support which happens to be the same level as FIB 0.5 as well as EMA50 making it a super strong support.
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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.