Cardano Rejected 1.20 Support and Going UP!
Cardano is strongly rejecting the 1.20 support. An area that also have confluence with a the orange trendline.
As we can see, there is a clearly Bullish RSI divergence. And RSI Divergence occurs when the price is making lower lows and the RSI is making higher lows, as depicted in the chart.
RSI Divergences can be combined with areas of support to decide entry on a trade.
Cardano is now trading arround 1.28. a 7% from our entry at 19.5.
Congrats to those of you that took that trade!
This is not financial advice, trade at your own risk.
As we can see, there is a clearly Bullish RSI divergence. And RSI Divergence occurs when the price is making lower lows and the RSI is making higher lows, as depicted in the chart.
RSI Divergences can be combined with areas of support to decide entry on a trade.
Cardano is now trading arround 1.28. a 7% from our entry at 19.5.
Congrats to those of you that took that trade!
This is not financial advice, trade at your own risk.
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