Hi Traders
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Across the markets, we see many coins on major support zone and trading by their yearly lows.
On the Cardano chart, we unfortunately don't see much buying pressure show up at support zone of $40c. This could indicate range trading for a while. Technical indicator Phoenix ascending is showing us that range trading between the support and resistance zone is most likely for the short term.
Bollinger Bands for the immediate term, in the 4h timeframe, are showing us that the turquoise upper BBand is the local resistance zone :
Here is the Cardano idea as an image, with Fibonacci Retracement :
What are your thoughts on Cardano ?
_________________
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CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Across the markets, we see many coins on major support zone and trading by their yearly lows.
On the Cardano chart, we unfortunately don't see much buying pressure show up at support zone of $40c. This could indicate range trading for a while. Technical indicator Phoenix ascending is showing us that range trading between the support and resistance zone is most likely for the short term.
Bollinger Bands for the immediate term, in the 4h timeframe, are showing us that the turquoise upper BBand is the local resistance zone :
Here is the Cardano idea as an image, with Fibonacci Retracement :
What are your thoughts on Cardano ?
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.