Cardano in free fall

10 thg 6, 2023

Hi guys, let's look at the current situaition on Cardano on 1D price chart.

In my previous idea I indicated strong support line at 0.3018 but I expected that the price at least will test this line first and only after that will break it.
In any case, that support was broke and there is another one at 0.249 which at the moment also seems to be broken but I expect some correction from here.
It also important to look at volume on 1D timeframe. Today, there is extremly high volume and for me it's good indicator that from current level will be some correction. But I don't expect big correction though.

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13 thg 6, 2023

Ghi chú

As was expected after such a big fall, the price now in the correction phase. I expect price to go at least up to 0.3-0.31 resistance area. After that the price likely will go back testing 0.25 support area.