Channel's Floor
The price trend of Cardano is identified as bullish, and it is positioned within an ascending channel. It is expected that the price will oscillate between the ceiling and the floor of this channel. The price was located at the channel's ceiling and had been predicted to possibly decrease to the channel's floor.
The price is corrected to the floor of the channel, received support again, and grew, reaching the ceiling area once more.
Currently, it is predicted that the price will decrease again and return to the floor area of the channel. However, if the price grows contrary to this prediction and stabilizes above the channel's ceiling, it might experience significant growth.
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The price is corrected to the floor of the channel, received support again, and grew, reaching the ceiling area once more.
Currently, it is predicted that the price will decrease again and return to the floor area of the channel. However, if the price grows contrary to this prediction and stabilizes above the channel's ceiling, it might experience significant growth.
Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
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