REDATOR Ben Graham Posted Friday at 06:12 REDATOR Report Share Posted Friday at 06:12 [Cardano] Although RSI(14) condition is in the Neutral-Bullish level, but with both EMAs which still forming a Death Cross intersection, Cardano is likely to continue its weakness toward the nearest support level. Key Levels1. Resistance. 2 : 0.281502. Resistance. 1 : 0.276433. Pivot : 0.271354. Support. 1 : 0.266285. Support. 2 : 0.26120Tactical ScenarioPressure Zone: If the price breaks down and closes below 0.27135, there is potential pressure toward 0.26628.Momentum Extension Bias: If 0.26628 is broken, there is a quite big opportunity that this cryptocurrency will continue its weakening to 0.26120. Invalidation Level / Bias RevisionThe downside bias is restrained if the price strengthens and breaks above 0.28150. Technical SummaryEMA(50) : 0.27282EMA(200): 0.27665RSI(14) : 57.04Economic News Release Agenda:Tonight the United States will release the following economic data:US - Advance GDP q/q - 20:30 WIBUS - Core PCE Price Index m/m - 20:30 WIBUS - Advance GDP Price Index q/q - 20:30 WIBUS - Personal Income m/m - 20:30 WIBUS - Personal Spending m/m - 20:30 WIBUS - Flash Manufacturing PMI - 21:45 WIBUS - Flash Services PMI - 21:45 WIBUS - New Home Sales - 22:00 WIBUS - Revised UoM Consumer Sentimen - 22:00 WIBUS - Revised UoM Inflation Expectations - 22:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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