Cardano's just broken out of it's descending channel again, the first time this happened a few months back we pretty quickly returned back within and continued ranging; there's been a few wicks out since then but nothing dramatic or significant. But now we have a fresh breakout and so far it doesn't look like it's being rejected - this could mean gains up to the...
Hello fellow traders! Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset. On the weekly chart there are several indicators showing bullish momentum. MFI- really oversold to the point where we really haven't seen these levels for quite some...
We can see a cup has formed and is now retracing into its handle. If the retrace holds above 0.5 fib, there is huge upside until the next fib levels are reached. a
Technical analysis: . Cardano/Ethereum is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000333 to 0.000310). if so, traders can set orders based on Price...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of...