The last few days have seen no strong movements on the Cardano chart. Volatility has decreased and this means that price is building up strength for the next strong move.
Which way this move will go cannot be predicted 100% but the chart shows that price is trading in a local triangle, slowly pushing towards the upper boundary.
If the price continues to squeeze, breaks the upper boundary as resistance and tests it as support, it could be a good opportunity to enter the position, with the targets higher!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Which way this move will go cannot be predicted 100% but the chart shows that price is trading in a local triangle, slowly pushing towards the upper boundary.
If the price continues to squeeze, breaks the upper boundary as resistance and tests it as support, it could be a good opportunity to enter the position, with the targets higher!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Note
The price did not reach the buy zone. I did not open a position. Cardano has broken the lower trend line and is likely to go even lower. I am waiting for more opportunities. 
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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.
Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
Related publications
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.