As illustrated by the white arrows the price of Cardano has been rejected by the 20 EMA a multitude of times. It seems we are getting close to a bottom but,until,I see the 100 EMA move under the 200 EMA I'm not ready to say for sure.
Ideally, we'd like to see price move above and hold and eventually move above the higher time frames.
Ideally, we'd like to see price move above and hold and eventually move above the higher time frames.
Trade active:
The weekly EMA's on Cardano have reset and the 100 has moved below the 200 and the price has reacted, we have seemed to have found a bottom making a higher low and a higher high locally. I will take all pullbacks as a chance to add to my position for a long towards 1.32 on a weekly chart.