Cardano Daily Timeframe (Bad News vs Good Results Explained)
Cardano (ADAUSD) broke our short-term support so we have to step back and look at the higher timeframes...
And we go to the daily (24 hours per candle).
Notice that the 18-June low remains intact, even with bad inflation numbers and bad news; This is a positive.
If you see very bad news yet the market fails to break its support, it works in favor of the bulls.
We have good volume today.
Still rising and above-average.
Would be really good to see a higher low at this point...
Any questions leave a comment below.
Namaste.
And we go to the daily (24 hours per candle).
Notice that the 18-June low remains intact, even with bad inflation numbers and bad news; This is a positive.
If you see very bad news yet the market fails to break its support, it works in favor of the bulls.
We have good volume today.
Still rising and above-average.
Would be really good to see a higher low at this point...
Any questions leave a comment below.
Namaste.
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lamatrades.com (Since 2017)
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