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It seems that after again testing recent highs in early May, Cardano is sort of waiting for a big move, as other coins are as well. It is just matter of strenght!
It is slightly looking for the resistance level formed by the highs of June 2019 and February of this year.
To be honest, it would take a couple of days in green to reach the 0.786 level and consolidate that area for more growth. On the other side you already know what there is. ;)
In a two-hour view we can see how right now it is trying to return to the highs of April 30, with rising RSI and without being oversold. So far, so good.
We leave this analysis before the imminent supposed golden cross in a few days is completed and thus be able to see the result.
And which side are you on?
Thanks for your appreciation.
It seems that after again testing recent highs in early May, Cardano is sort of waiting for a big move, as other coins are as well. It is just matter of strenght!
It is slightly looking for the resistance level formed by the highs of June 2019 and February of this year.
To be honest, it would take a couple of days in green to reach the 0.786 level and consolidate that area for more growth. On the other side you already know what there is. ;)
In a two-hour view we can see how right now it is trying to return to the highs of April 30, with rising RSI and without being oversold. So far, so good.
We leave this analysis before the imminent supposed golden cross in a few days is completed and thus be able to see the result.
And which side are you on?
Thanks for your appreciation.
Trade closed: target reached:
wop wop!
We are reaching a point of major resistance that has already been attempted without success at the highs of February this year.
It does not matter in the sense that the price action breaks, due to the position of the RSI we could expect a movement of a little more than 1 cent (+0.01) to be conservative, both uptrend or downtrend movements... I do not know if it is a good sign to be at half way to 0.61 now within this crossroads.
Good luck to all!