empty
20.09.2024 07:09 AM
Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday September 20, 2024.

This image is no longer relevant

With the appearance of the Bullish 123 pattern followed by several Bullish Ross Hook (RH) and the position above the EMA 21 which is also above the EMA 34 on the 30-minute chart, the Cardano cryptocurrency provides an indication that there is currently a strengthening momentum in the cryptocurrency so that in the near future Cardano will try to test and breaks above the level of 0.35551 if this level is successfully broken above then Cardano will continue its strengthening to 0.36401 as its main target and 0.37646 will be the next target if the momentum and volatility support it but with the appearance of a deviation between the Cardano price movement which forms a Higher Peak with the Awesome Oscillator indicator which on the contrary forms a Lower Peak then you have to be careful with the potential weakening correction that will occur but as long as the weakening correction does not broken below the level of 0.34843 then Cardano will continue its strengthening.

(Disclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on May 29

Bitcoin is starting a correction, and Ethereum is showing signs of strength. Yesterday, Bitcoin dipped to around $107,000 before rebounding sharply — a sign that many traders are cautious about

Miroslaw Bawulski 08:56 2025-05-29 UTC+2

Bitcoin Emerges from Wall Street's Shadow: Why the Coming Months Could Be Pivotal for the Crypto Market

The announcement that Cantor Fitzgerald, one of the largest U.S. primary dealers, is launching Bitcoin-backed lending has reshaped the crypto market. Managing $2 billion in capital for this venture

Ekaterina Kiseleva 00:31 2025-05-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 28

Bitcoin failed to hold above the $110,000 level, while Ethereum again showed decent growth, fueled by news of a possible significant increase in the gas limit per block

Miroslaw Bawulski 10:04 2025-05-28 UTC+2

Bitcoin Remains Within a Range Conducive to Growth

Yesterday, Bitcoin and Ethereum continued to attract demand from traders and investors, maintaining strong prospects for the continuation of the bullish market. Meanwhile, the International Monetary Fund (IMF) stated that

Jakub Novak 09:36 2025-05-28 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency Pairs, Wednesday May 21, 2025.

On the 4-hour chart of the Bitcoin cryptocurrency, there appears to be a Divergence between the Bitcoin price movement and the Stochastic Oscillator indicator, which indicates that in the near

Arief Makmur 08:39 2025-05-28 UTC+2

Bitcoin: A Bet on $300,000 or a Painful Correction? What's Next for the Market

Bitcoin reached $110,000 but failed to sustain the rally throughout the day, continuing its consolidation. Yet this lull is by no means a sign of exhaustion. Behind the scenes, activity

Ekaterina Kiseleva 00:44 2025-05-28 UTC+2

Bitcoin and Ethereum maintain bullish momentum

Despite a short pause, Bitcoin and Ethereum don't appear to be finished with their upward moves. While Bitcoin slightly pulled back during today's Asian trading session, Ethereum has already broken

Jakub Novak 11:03 2025-05-27 UTC+2

BTC/USD Analysis on May 27, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex. A corrective downward structure completed its formation around the $75,000 level. After that, a fairly strong upward move

Chin Zhao 10:53 2025-05-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 27

Demand for bitcoin and ether has continued early this week. Bitcoin remains above the $109,000 mark, while Ethereum is trying to consolidate above $2,600. Yesterday's news that Strategy once again

Miroslaw Bawulski 08:53 2025-05-27 UTC+2

Bitcoin Holds Above $107,000

Bitcoin has resumed its upward movement and already surpassed the $109,900 level after a solid correction to the $106,000 level over the past weekend. The fact that price held above

Jakub Novak 11:35 2025-05-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.