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19.07.202406:16 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday July 19, 2024.

Exchange Rates 19.07.2024 analysis

With the appearance of deviations between the price movements of the Cardano cryptocurrency which made higher - high but on the contrary the Awesome Oscillator indicator made a Higher Low on its 4 hour chart plus confirmation that the Cardano price movement was below the EMA 20 and EMA 50 which all this gives an indication that in time Near this, it has the potential to weaken down to the level of 0.39244, even if the momentum and volatility are supportive, then 0.36954 will be the next target to be aimed at, but all of these weakening scenarios can become invalid and cancel themselves if suddenly there is a strengthening correction that breaks above the level of 0.44831 .

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2024
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