04.10.202407:08 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday October 04, 2024.

Relevance up to 01:00 2024-10-05 UTC--4

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If we look at the 4-hour chart of the Cardano cryptocurrency, it seems that there is a deviation between the price movement of the cryptocurrency and the Stochastic Oscillator indicator, which indicates a weakening of the strengthening momentum of Cardano so that in the near future as long as Cardano does not strengthen again to break through and close above the level of 0.39747, Cardano has the potential to weaken down to the level of 0.33409. If this level is successfully broken below, Cardano has the potential to continue its weakening to the level of 0.30275 as its main target and if the momentum and volatility support it, 0.28426 will be the next target to be targeted.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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