empty
 
 
29.04.2022 04:18 PM
Cardano forming a bullish wedge pattern.

Cardano remains in a bearish trend making lower lows and lower highs. Although price is making new lower lows, the RSI is not. The bullish divergence in the RSI justifies a reversal to the upside and a bounce towards $1.

This image is no longer relevant

Blue line- bullish RSI divergence

Green lines- bullish wedge pattern

Cardano price has formed a bullish wedge pattern with resistance at $0.84. A break above this level combined with the bullish RSI divergence, would be a bullish signal with first target the $1 price level. Until then bears remain in control of the trend. The trend according to the RSI is weakening. That is why traders need to be cautious as a reversal is imminent.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback