* Cardano is facing a rejection from it's resistance near $2.950. It is now consolidating between it's resistance and a small support around $2.8.
* If the price breaks the support of $2.8 we can see a drop till the below major trend-line.
* RSI bearish divergence also appeared in Cardano including the over bought indication.
* Over bought is considered when the RSI crosses above 70.
* If the price breaks the support of $2.8 we can see a drop till the below major trend-line.
* RSI bearish divergence also appeared in Cardano including the over bought indication.
* Over bought is considered when the RSI crosses above 70.
Note
Back to the support
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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.