Cardano Analysis Updated 03/03/2021
As we can see the price is up reneging in a parallels channel where it has already hit the parallels legs of Fibonacci projection.
it has many chances to retrace down to the lower Boundary where there exist a Support Area too.
post the retracement we can target the 161.8% extension level of the same Fibonacci projection and consequently the 261.8% of it too.
there are total of 2 targets
it has many chances to retrace down to the lower Boundary where there exist a Support Area too.
post the retracement we can target the 161.8% extension level of the same Fibonacci projection and consequently the 261.8% of it too.
there are total of 2 targets
Trade closed: target reached:
both 1 TP and 2 TP targets achieved
