ADAUSDT (Cardano) – Week 18 – Consolidation for upside
Cardano is trading in a range structure since February of 2021. This range is preparing the next move up. When we go on the 4h timeframe we see an up move that started on the 23rd of April and stopped for a consolidation on the 29th. The high probability move from this area is an up move to reach the resistance marked on the chart at 1.55 USDT.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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