13.09.202405:37 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Cardano Cryptocurrency, Friday September 13, 2024.

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.

Currently on the daily chart of the Cardano cryptocurrency, it appears that Sellers are still dominating, which can be seen from the Cardano price movement which is moving harmoniously within the Bearish Pitchfork and Bearish Channel and below its three EMAs, especially with the confirmation of the appearance of hidden deviations between the Cardano price movement which makes a Higher Low but on the contrary the RSI indicator (5) forms a Higher-High so that based on all these facts in the next few days as long as there is no correction above the level of 0.40064 Cardano will weaken to the level of 0.30275 and if the momentum and volatility support it, the level of 0.27520 will be the next target to be aimed for.

(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