= ELEMONT FX =
Analysis:
- Cardano has found support at a historic uptrend line
- Oscillator turned up from oversold
- Lower than average volume during the most recent leg down (bears lacking real momentum)
- Expect price to move up and retest resistance (top trendline)
- If price breaks below uptrend line, expect to test 2,750
Targets
1. 3,400
2. 3,800
3. 4,050
4. 4,700
Analysis:
- Cardano has found support at a historic uptrend line
- Oscillator turned up from oversold
- Lower than average volume during the most recent leg down (bears lacking real momentum)
- Expect price to move up and retest resistance (top trendline)
- If price breaks below uptrend line, expect to test 2,750
Targets
1. 3,400
2. 3,800
3. 4,050
4. 4,700
