Cardano Analysis: 2 hour timeframe
September 12, 2018 to current date 2 hour timeframe is shown in this Cardano analysis.
Also shown on the chart is a downward sloping price channel (in red color), with a smaller bearish channel nested inside of it also indicated.
0.00001211 and 0.00001112 are price levels to pay attention to as a move above the former (and especially above the top of the channel) implies a bullish bias in Cardano.
Consolidation in the region of the latter can be used as a price level for probing a bullish position and/or entry. A break below however could see Cardano return to the bottom of the channel at ~0.00001028.
Also shown on the chart is a downward sloping price channel (in red color), with a smaller bearish channel nested inside of it also indicated.
0.00001211 and 0.00001112 are price levels to pay attention to as a move above the former (and especially above the top of the channel) implies a bullish bias in Cardano.
Consolidation in the region of the latter can be used as a price level for probing a bullish position and/or entry. A break below however could see Cardano return to the bottom of the channel at ~0.00001028.
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