Cardano reached very important resistance

22 de jun. de 2023

Hi guys, let's look at the current situaition on Cardano.

Cardano just reached very important resistance level at 0.3 but so far didn't manage to break it or stay above. As I indicated earlier it's good spot to look for a short but considering ovarall situation on crypto market I would wait and see what's gonna happen next. Bitcoin just broke all resistance levels and it's difficult to predict what move will be next. Considering that all altcoins follow Bitcoin I will be very careful with shorts at the moment.
Unlike Bitcoin and Ethereim, Cardano didn't manage to recover its recent losses and that's why I even more pessimistic about it. As soon as Bitcoin starts its fall, Cardano will run ahead. It will be good if Cardano manage to climb to 0.35 but it depends on Bitcoin. If Bitcoin won't manage to go higher than 31k than it's unlikely that we see Cardano at 0.35.

If this post is useful to you, you can support me with like/boost and leave comments below.

29 de jun. de 2023

Nota

As was expected Cardano didn't managed to break 0.3 resistance and now going back to 0.25. Overall Cardano seems very weak and when Bitcoin goes down Cardano will fall down with double speed.

3 de jul. de 2023

Nota

Cardano price continue to be in a flat failing to break 0.3 resistance but also staying above 0.25. Nothing much changed here. Will look if price can break 0.3 resistance or not.

8 de jul. de 2023

Nota

Nothing much changing on Cardano. It continue to be in flat. But one thing to note is that each lows are higher than previous ones. It might coming closer to 0.3 level and eventually break it. Let's see.