Seems like Cardano is still looking for a comfortable bottom. It is continuing to trend down inside a larger descending wedge than originally thought. Though it broke out once, the attempt failed and resumed the respected wedge. We have busted through support 1, but have much stronger support 2 line along with a supporting trend from mid January to look at for our next 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.