Aksel_Rom

Aksel_Rom

Hey Trader! Is Cardano creating a Wedge that will break down? Or will the price follow the bullish trend all the way to the target according to Fibonacci at 0.6435? critical questions that are profound for a strategy in this situation. However, I am an optimist and see the potential in the bullish trend after months of a bear market.

Aksel_Rom

The market is moving but I'm optimistic. Here is an analysis that deals with a bullish triangle with a Target set according to Fibonacci.

Aksel_Rom

Hey trader! This analysis is based on the idea of a bullish wedge with a strongly experienced resistance. As the wedge indicates, the price undoubtedly has the potential to rise and assume a higher return. However, according to fibonacci, there is also a strong resistance area experienced which can affect the current price of Cardano. These mentioned resistance...

Aksel_Rom

Hey Trader! This analysis is elaborated on the idea behind an ascending triangle. This bullish formation indicates that the price has the potential to break the triangle and reach a new target which is plotted at 0.6429. The triangle is visualized by a red resistance line where the price tops at, and a green support line where the price draws its bottom. Below...

Aksel_Rom

The Trader! This analysis is based on the idea of a bearish flag. As the analysis visualizes, the red resistance and green support lines encircle this flag formation. In addition, a series of resistance levels are drawn at 0.3997, and 0.3866 respectively. In addition, a number of support levels are plotted at 0.3651, 0.3471, and 0.3256. In addition, the idea is...

Aksel_Rom

Hay Trader! This analysis is based on the idea of a Bullish Flag. The flag is visualized by the green support line and the red resistance line. Within these lines, the price has moved since the beginning of May 2022 and created this bullish formation. Using the Fibonacci instrument, a number of resistance levels can be expressed in the analysis. These resistance...

Aksel_Rom

Hey Trader! This analysis is based on the idea of a Bullish Flag which is illustrated in this analysis. The thick bottom line that follows the market price is the support line for Cardano. On the other side of the price is the resistance line. This flag is pointing downwards which is a strong signal that the price will break out as a bullish breakout. Since late...

Aksel_Rom

Hey Trader! This analysis is based on an Ascending Triangle. Since the price of Cardano has been moving in a bull market lately, it is not uncommon to see a formation like an Ascending Triangle that will have a bullish breakout. Below the price and the triangle are two notable support levels which have a major impact on Cardano's buying power. These two support...

Aksel_Rom

Hey Trader! This analysis is based on the Ascending Triangle concept, which is formed by the price of Cardano. In the analysis two support levels are visualized; Strong support at 0.2983 - 0.3290 , allocating back to mid-December, and the support level at 0.3632 . As the drawn triangle shows, the price follows bullish also called an "Ascending Triangle"....

Aksel_Rom

Hey trader! This analysis is based on a bullish development for Cardano. The analysis uses the EMA Moving Average which indicates that the 50 day moving average (orange line) has just hit the price indicating a current good buying opportunity for Cardano now. With some support levels at 0.2437, 0.3292 , & 0.3637 providing a good safety net where price can...

Aksel_Rom

Hey trader! This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631 , & 0.3262 . The trend progresses with some peaks followed by pullbacks. This development shows that the price is...

Aksel_Rom

Hey trader! This analysis reviews a bullish breakout for the price of Cardano. Cardano has recently experienced a bearish trend since the all-time high at 3.1059 . However, a triangle formation has emerged which may indicate that the price will rise despite the recent move. The triangle is pointing a lot upwards and with other tools like Fibonacci it can be...

Aksel_Rom

Hey trader! This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ...

Aksel_Rom

Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed...

Aksel_Rom

Hey trader! This technical analysis discusses how the price of Cardano could potentially decline to a lower price target. In the analysis an Elliott Wave is made as the resistance levels become lower. The start of the first wave starts at the resistance level at 0.5947 . After the first wave, the waves get progressively lower indicating a bearish trend. At...

Aksel_Rom

Hey trader! In this analysis I will review why Coca-Cola has the potential to reach a target at 70.32 . Since the last drop in price at 57.50 , the stock has had a good bullish trend where new resistance levels were formed at 67.20 , and 66.37 . However, the price fell from the strong trend and landed at 59.66 which is now a newly formed support...

Aksel_Rom

Hey Trader! In this analysis I will show why I perceive the idea of why Bitcoin is going to rise over the next while. First of all I will explain that Bitcoin has been exposed to a bullish trend the past few months. Since then, numerous support and resistance levels have emerged which will help the price to rise. There are numerous support levels below the...

Aksel_Rom

Hey Trader! In this analysis I will explain why I think Bitcoin is going to rise. First of all, Bitcoin has a lot of crucial support both below the current price ( 33995.78, 39629.03 ) but also a lot of support to pick up above ( 56467.83, 45443.04 ). I therefore believe it will rise with a Stair-pattern up to the target at 70022.65 . I should also...