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Simply by looking at the 4-hour chart of the Cardano cryptocurrency which is moving harmoniously in the Bearish Pitchfork channel and below the SMA (100) which has a decreasing slope also gives an indication that Cardano is in a weakening condition where the level of 0.77992 will try to be broken and close below it if successful then Cardano will continue its weakening to the level of 0.59182 as its main target and if the momentum and volatility support then 0.41957 will be the next target to be targeted but with the appearance of deviations between the Cardano price movement and the Stochastic Oscillator indicator then there is a possibility of a momentary strengthening which has the potential to test the level of 1.06704 but as long as the strengthening cannot broken and close above the level of 1.13192 then the bias of Cardano remains Bearish.
(Disclaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
