Analytics for beginners
Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday May 17 2024.
Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday May 17 2024.
Crypto-currencies
2024-05-17 05:37:57
If we look at the 4-hour chart of the Cardano cryptocurrency, it appears that Cardano's price movement has managed to breaks above EMA 20 & EMA 50, so based on this, in the near future, Cardano has the opportunity to test the level of 0.46277, although there is still a chance for it to be corrected down to the Bullish Fair Value level. The gap will be tested before continuing to strengthen again, which is important as long as the weakening correction does not penetrate below the 0.44481 level, Cardano still has the potential and opportunity to strengthen again to the 0.47663 level.
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