CARDANO|Price return from important resistance area
Updated
Cardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further.
With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.
With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.
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Note
SELL POSITION TP 1:0.4425
TP2:0.3877
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