2 different scenario for cardano at 1 h chart overall market in 1 h is bullish but we can see spike and break the long term descending channel and then price form the micro ascending channel after spike at 1 h chart also we can see huge bearish divergence between price and rsi so i personally think the red arrow {bearish scenario} has more power and possiblity but for that we need confirmation... at least break the ascending channel with good bearish momentum.
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.