Day: May 6, 2021

Cardano Going Down?

Cardano recently tested the high, hitting 4190 satoshis, where it formed a bearish divergence on the RSI oscillator suggesting a corrective move down. The corrective wave followed and currently ADA/BTC is trading near the 61.8% Fibonacci support which is at 3400 satoshis. It is yet to be seen whether Cardano will reject this support or …

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Cardano VS Bitcoin Presenting a Perfect Buying Opportunity

Cardano has already corrected by over 80% since reaching an all-time high at 9180 satoshis. But now it is facing the support at 1670 satoshis as the uptrend trendline has been rejected cleanly. On a lower time-frame price broke above the descending channel and then found the support at the upper trendline of the channel. …

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