Technical Analysis of Daily Price Movement of Cardano Cryptocurrency, June 27 2023.
June 27, 2023 7:23 am
On the daily chart of Cardano Cryptocurrency Seller still looks dominating the market. This is marked by its price movement which is below the four EMAs 8,20,50, 200 which intersect harmoniously, even though currently there is a correction going up and up but forming a Rising Wedge pattern so that it actually confirms that in the next few days Cardano will depreciate down to the level of 0.21913 as long as there is no upward movement of the correctional rally again, especially if it gets past the level 0.31660 because if this level is successfully exceeded then all the downside scenarios that have been described earlier will become invalid and automatically cancel themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart of Cardano Cryptocurrency Seller still looks dominating the market. This is marked by its price movement which is below the four EMAs 8,20,50, 200 which intersect harmoniously, even though currently there is a correction going up and up but forming a Rising Wedge pattern so that it actually confirms that in the next few days Cardano will depreciate down to the level of 0.21913 as long as there is no upward movement of the correctional rally again, especially if it gets past the level 0.31660 because if this level is successfully exceeded then all the downside scenarios that have been described earlier will become invalid and automatically cancel themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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