CardanoLong
Cardano pullback before 2 dollars?
Hi friends today we are going to look at Cardano!
We can see a clear winner when it comes to what coin who did well when everything else was dumping and that is Cardano, having a 22% gain on the daily timeframe today. hoping for a strong close as well!
As we can see from the chart we can see a Cardano is touching the 100% level on the FIB extension which is good but we still haven't broken through it, that indicates to me that it is heavy resistance at that 2$ range.
Cardano also has heavy and clear support on the 1,5$ range, not only that, we also a solid channel to look out for.
With all this being said, I reckon that CARDANO will hit 2-4 dollars very soon but I think it will pull back to confirm the support line at 1,5 dollars!
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REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
We can see a clear winner when it comes to what coin who did well when everything else was dumping and that is Cardano, having a 22% gain on the daily timeframe today. hoping for a strong close as well!
As we can see from the chart we can see a Cardano is touching the 100% level on the FIB extension which is good but we still haven't broken through it, that indicates to me that it is heavy resistance at that 2$ range.
Cardano also has heavy and clear support on the 1,5$ range, not only that, we also a solid channel to look out for.
With all this being said, I reckon that CARDANO will hit 2-4 dollars very soon but I think it will pull back to confirm the support line at 1,5 dollars!
Enjoyed the analysis? Like! Want to see more? Follow!
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
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