Hello friends, I hope you are doing well.
We check the popular Cardano currency in the daily time frame.
With the growth it has experienced, it has been able to pass its old ceiling, which increases the possibility of further growth for us.
Up to the supply area drawn in the chart, there is no other obstacle to its growth.
The supply area (0.91-0.87) and then the areas (1.16-1.16-1.25)
In corrections, we can enter buying positions in demand areas (0.57-0.6) and area (0.51-0.49).
We check the popular Cardano currency in the daily time frame.
With the growth it has experienced, it has been able to pass its old ceiling, which increases the possibility of further growth for us.
Up to the supply area drawn in the chart, there is no other obstacle to its growth.
The supply area (0.91-0.87) and then the areas (1.16-1.16-1.25)
In corrections, we can enter buying positions in demand areas (0.57-0.6) and area (0.51-0.49).
Note
The exact location of the supply areas on the daily chat
Trade active
You can see the Cardano chart in the 4-hour time frame.
We had a demand area in the 4-hour time frame, and by touching this area, it was able to experience good growth.
For now, we expect the growth to continue to the daily supply area.
If you are in this position, my suggestion is not to exit the position in a hurry and wait until the daily target.
Trade active
Friends, as I expected, Cardano was able to fall to the daily demand area (0.57-0.6) and start moving upwards from this area.
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.
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.