💲 Cardano Has High Potential 💲

💲 Cardano Has High Potential

💲 Nearest strong support zone: around the 0.5 level of the upward wave.

💲 Nearest strong resistance zone: around the 0.236 level of the downward wave.

💲 Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

💲 Price action: Cardano has fallen from its peak as much as other popular cryptocurrencies, it looks like we're in for a bit of a sustained accumulation before continuing the upward breakout as is the case with cryptocurrencies that have scored a sizable drop from their peaks but are also among the most popular. Looking at the coming trend of strengthening of the dollar, I do not expect a continuation of the increases at the current price moment.

💲 The scenario I'm playing out is to execute an upward correction to the 0.5 level then accumulate before continuing the upward breakout. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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