15.11.202404:57 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday November 15, 2024.

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After being stuck at the Resistance level of 0.64984 and forming a Bearish 123 pattern and supported by the appearance of deviations between Cardano's price movement and the Stochastic Oscillator indicator, although there is a potential for a re-test at the level of 0.61082 on the 4-hour chart, but as long as it does not break through and close above the level of 0.64984, Cardano has the potential to be corrected to weaken down to the level of 0.52929 and if this level is successfully broken and closes below it, Cardano will continue to weaken to the level of 0.47248 and if the momentum and volatility support it, the next level to be targeted is 0.42213.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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