Price is determined by resistance and support. We start with a downward trendline that is broken towards the upside - even breaking through the pivot. Our leading indicator (the 8/21 EMA) is showing a "buy" signal. RSI above the 50. MACD rolled up and is above the centerline. Ichimoku is 3 for 4 on the long position. All that needs to happen to the price is to...
"Price is determined by trendlines, resistance and support." This is a chart for swing traders. "Cardano is in a downtrend. In the last month it was showing signs of a reversal. Leading indicator 8/21 EMA was showing promise of a reversal, but it was a false positive. There was an indication of an "early buy" (i.e. candles above the 8 EMA), but it is now below the...
Fibonacci retracement indicates a downtrend. Since there is virtually no support below $144.16 it is at the mercy of smacking every Fibonacci branch of the ugly tree on its way into the abyss. There is no game theory here. The only bags you'll be holding onto is your ball sacks. Your at the mercy of God now. The Zeus you deified is just a pre-pubescent child...
