In case the demand zone of $0.075 holds, the price will bounce to the north and break the strong supply zone of $0.080, Cardano price will resume its uptrend movement towards the supply zone of $0.088.
The price has formed a “symmetrical triangle” pattern on the 4-Hour chart. It is currently below the 4-day EMA which has crossed the 50-day EMA downward below the supply zone of $0.08 inside the symmetrical triangle. The bullish breakout from the symmetrical triangle is imminent.
Check out our report presenting data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over Q3 2018.
Only a radical fundamental event can forcefully bring about a significant rally in the market on the daily chart.
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Report presents data on the crypto market movements over 2018, with special focus given to the analysis of trends of September 2018, notably September 16-23, 2018.
There is a possibility for the price to break out of the supply zone of $0.08 moved up to test the supply zone of $0.11.
This report presents analysis of cryptocurrency market movements during 2018 with special attention paid to the trends seen over September 9-16, 2018.
There is a probability that the price may retest the supply zone of $0.08 as the bullish inside bar candle formed at the demand zone of $0.05.
Uptrend movement could be triggered in case the supply zone of $0.11 is broken; a clear break and weekly close above the supply zone of $0.11 would interrupt the bearish testing demand zone of $0.08 and the supply zone of $0.13 would be exposed.