Cardano - Sell a bounce ? | Technical analysis By Whaleagent | 8.8.18 |

in #cryptosignals • 6 years ago

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Cardano is currently entertaining an idea to facilitate a bigger bounce. After creating a series of lower highs and lows, the coin has bounced today and it looks to test at least 23.6% Fibonacci retracement zone, which is also close to a key horizontal resistance level , previous support. As the coin is currently trading below the resistance zone , it is more to expect a rotation back lower from the resistance and at least a re-test of the previous support, if not the new lows. IF, there is a break of resistance, look for a quick trip to the 38.2% Fibonacci support zone .

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6 years ago in #cryptosignals by
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