Cardano is showing some strong momentum here, where coin is pushing towards that 200EMA (looking for a breakout).
We are monitoring the 100 EMA line and resistance zone from where we are looking to see a good rejection (if the price reaches this zone).
If we see early rejection near 200EMA, we will be looking at early trade as well!
Swallow Team
We are monitoring the 100 EMA line and resistance zone from where we are looking to see a good rejection (if the price reaches this zone).
If we see early rejection near 200EMA, we will be looking at early trade as well!
Swallow Team
Comment:
Although we might see a full breakdown here, we are still looking at that DCA zone as a potential top-up zone.
Cardano has had a humble 5% market price movement, and now we are seeing further downward pressure as well.
Although we might see a full breakdown here, we are still looking at that DCA zone as a potential top-up zone.
Comment:
200EMA has fully rejected the price and resulted in a nice 11% market price movement.
Comment:
200EMA had rejected the price fully and resulted in a good 20% market price movement!
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We are not keeping an eye on further daily candle movement or a closing price as well. So far looking good!