Exchange Rates UK TV: Cardano’s current setup on the Ichimoku chart shows we’re poised to see a big move higher – watch out for this one to explode!
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This week I’ve discussed that consolidation after a big move is a sign of strength – a pause before a resumption of the prior trend.
On Cardano’s daily chart, the Chikou/Lagging Span is in a position we’ve discussed that is key for a breakout in the Ichimoku system.
The RSI, CI, and %B all point to a sustained breakout if one does occur.
Prices at time of publication:
Cardano price in euros, ADA/EUR: 1.0145 (+0.0496, +5.15%)
Cardano in dollars, ADA/USD: 1.1966 (+0.0668, +5.9143%)