#Cardano: bounce off the 61.8fib?
#Cardano has found support at the 61.8fib support level: 2640 sats
Wave c is taken at 0.5fib extension of wave a. Macd is showing bullish divergence in 4H.
However there is resistance confluence region : 2800- 3100 sats,
comprising of 20,50,100 DMA's & 50fib level.
If we get today's closing above the 61.8fib level i.e 2640 sats, then #cardano will be looking to target 2800-3100 sats region.
Testnet release titled "K-Evm" on 28 may may also provide bullish momentum to cardano.
You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/ADABTC/bKkrwGDn-Cardano-bounce-off-the-61-8fib/
As well as on my twitter profile:
https://twitter.com/rajista007
If you found something useful here/benefited from my calls, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.
https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/
If you are in a tipping mood , you can buy me a beverage :)
LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f88
Coins mentioned in post: