Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday June 07 2024.



With the Cardano price movement being below the EMA 200 and the Stochastic indicator showing a weakening of momentum which is indicated by the appearance of 3 red bars and also the emergence of a Bearish 123 pattern followed by the appearance of a Bearish Ross Hook (RH) on the 4 hour chart then as long as there is no strengthening correction which breaks above the 0.46225 level, this cryptocurrency will weaken again down to the 0.45010 level (Lower Line Pitchfork). If the momentum and volatility support it, the 0.43994 level will be the next target to be aimed at.


The material has been provided by InstaForex Company - #

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