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Cardano recent corrective wave down resulted in a decline from $0.4, down to $0.16, where it found the support at the uptrend trendline. The trendline has been rejected cleanly, which occurred right at the Fibonacci Time Zone 3rd cycle, suggesting the beginning of the next wave. Since the uptrend trendline has been rejected and the …
Throughout the entire April, Cardano has been in a strong uptrend, while it moved from $0.13 up to $0.39, gaining nearly 200% against the USD. But the May hasn’t been so profitable for ADA, in fact it has corrected downs strongly and found the support at $0.17. The support is confirmed by the 227.2% Fibonacci …
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 …
Cardano is one of those coins that could potentially be the next “big thing”, and many people are speaking of it that way. While the circulating supply of the coin is definitely huge, the value is determined by other factors. The solutions Cardano is trying to bring are simply brilliant and if they will succeed, …
Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend. Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen …
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. …
Cardano VS Bitcoin Presenting a Perfect Buying Opportunity Read More »
Cardano continues trending downwards as it still produces lower lows and lower highs. The big question is where is the bottom? How far down can it go? According to Fibonacci, applied to the corrective wave up after the $0.34 support breakout, the nearest downside support is at 527.2% retracement level, that is $0.08. So the …
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