Cardano / TetherUS
Long
Mis à jour

Cardano to register further gains following range breakout?

150
The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.

The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.

Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.


Entry: $0.372 (retest of range highs)

Take-profit: $0.383 (small imbalance and short-term resistance)

Stop-loss: $0.368 (below FVG)
Note
snapshot

demand zone didn't hold, the upward breakout hunted liquidity and reversed back into the range after BTC losses

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