Connect with us

Hi, what are you looking for?

Trading Secrets

Solana and Cardano: Cardano falls below the 0.3400 level

Solana and Cardano: Cardano falls below the 0.3400 level

Solana’s price continues to struggle with support around the 20.00 level. The price of Cardana continues to fall and forms a new lower low at the 0.3340 level.

Solana chart analysis

Solana’s price continues to struggle with support around the 20.00 level. Yesterday we saw an attempt to recover the price, which was stopped at the 20.60 level. Since then, we have been retreating, and today, the price has fallen to 19.60 levels. If we do not get support soon, Solana could slide lower and form a new lower low.

Potential lower targets are 19.40 and 19.20 levels. We need a positive consolidation and a return above the 20.00 level for a bullish option. Then we need a new bullish impulse that would push the price to a new level and start a recovery. Potential higher targets are 20.20 and 20.40 levels.

Cardano chart analysis

The price of Cardana continues to fall and forms a new lower low at the 0.3340 level. Yesterday’s recovery was stopped at the 0.3550 level, and from there, we started the pullback. The price soon broke the previous support at the 0.3450 level and continued to fall. We are now at the 0.3370 level, and we could expect to see a drop to the 0.3300 level.

We need a new positive consolidation and a price return above the 0.3500 level for a bullish option. Then we also need to hold on up there in order to wait for the bullish impulse and the continuation of the recovery. Potential higher targets are 0.3600 and 0.3700 levels.

The post Solana and Cardano: Cardano falls below the 0.3400 level appeared first on FinanceBrokerage.

Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...

    Trading Secrets

    I don’t like it when parts of a puzzle don’t match. You just don’t get a clear picture. As participants in the markets, we...