Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday May 19, 2023.
May 19, 2023 5:22 am
If we look at the 4-hour chart of the Cardano Crypto currency, it will be seen that the Crypto currency is being corrected, rallying up and up in a channel that is move upside, but with the position of the osMA indicator which is already in negative rea and the position of the Cardano price movement which is below the two MAs, as long as there is no upward corrective movement past the 0.37227 level, Cardano has the potential to return to its initial bias (Bear) where the 0.35333 level will be the first target to be tested and the 0.34535 level will be the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the 4-hour chart of the Cardano Crypto currency, it will be seen that the Crypto currency is being corrected, rallying up and up in a channel that is move upside, but with the position of the osMA indicator which is already in negative rea and the position of the Cardano price movement which is below the two MAs, as long as there is no upward corrective movement past the 0.37227 level, Cardano has the potential to return to its initial bias (Bear) where the 0.35333 level will be the first target to be tested and the 0.34535 level will be the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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