Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Tuesday April 18, 2023.
April 18, 2023 7:25 am
If we look at the 4-hour chart of the Cardano Crypto currency, there appears to be a deviation between its price movement and the Stochastic Oscillator indicator where this condition confirms that in the near future there will be a decline in this cryptocurrency although there is the potential for a correction upward again as long as it is not higher than the 0.44599 level. Therefore Cardano in the near future has the potential to go down to the 0.41672 level as the main target and if the momentum and volatility are supported then it is possible that the 0.38116 level will be the next target to aim for.
(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, there appears to be a deviation between its price movement and the Stochastic Oscillator indicator where this condition confirms that in the near future there will be a decline in this cryptocurrency although there is the potential for a correction upward again as long as it is not higher than the 0.44599 level. Therefore Cardano in the near future has the potential to go down to the 0.41672 level as the main target and if the momentum and volatility are supported then it is possible that the 0.38116 level will be the next target to aim for.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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