Cardano-quick thoughts
Some quick thoughts on Cardano.
Bullish scenario: If we can breakup out of this descending channel then I will be looking for us to turn the 0.618 into support for further continuation up to resistance at the 0.786.
Bearish scenario: Continue with the descending channel and create a lower low at the 0.5.
Bullish scenario: If we can breakup out of this descending channel then I will be looking for us to turn the 0.618 into support for further continuation up to resistance at the 0.786.
Bearish scenario: Continue with the descending channel and create a lower low at the 0.5.
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.