The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.
The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.
Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.
Entry: $0.372 (retest of range highs)
Take-profit: $0.383 (small imbalance and short-term resistance)
Stop-loss: $0.368 (below FVG)
The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.
Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.
Entry: $0.372 (retest of range highs)
Take-profit: $0.383 (small imbalance and short-term resistance)
Stop-loss: $0.368 (below FVG)
註釋
demand zone didn't hold, the upward breakout hunted liquidity and reversed back into the range after BTC losses
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。