19.07.202406:16 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday July 19, 2024.

Relevance up to 22:00 2024-07-19 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the appearance of deviations between the price movements of the Cardano cryptocurrency which made higher - high but on the contrary the Awesome Oscillator indicator made a Higher Low on its 4 hour chart plus confirmation that the Cardano price movement was below the EMA 20 and EMA 50 which all this gives an indication that in time Near this, it has the potential to weaken down to the level of 0.39244, even if the momentum and volatility are supportive, then 0.36954 will be the next target to be aimed at, but all of these weakening scenarios can become invalid and cancel themselves if suddenly there is a strengthening correction that breaks above the level of 0.44831 .

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade