See also
29.11.2023 10:43 PMCardano continues to move sideways in the short term. It's located at 0.3847 at the time of writing. The altcoin could extend its current range and I believe that only a strong move in Bitcoin could bring us a clear direction on this market.
ADA/USD is down by 0.49% in the last 24 hours and is up by 1.59% in the last 7 days. Technically, the price action signals strong buyers, but an upside continuation needs confirmation.
From the technical point of view, Cardano developed a major symmetrical triangle. It has failed to test and retest the uptrend line in the last attempt signaling strong upside pressure.
Now, it stands near the downtrend line which represents a dynamic resistance. The former high of 0.3884 is seen as a static resistance. Staying near the resistance levels may announce an imminent breakout.
Jumping, closing, and stabilizing above 0.3884 and above the downtrend line activates further growth.
On the other hand, false breakouts through the resistance levels may announce a new sell-off.
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?
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 InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
