Hello fellow traders! Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset. On the weekly chart there are several indicators showing bullish momentum. MFI- really oversold to the point where we really haven't seen these levels for quite some time. RSI- Nice bounce off of a key support area also we have a WEEKLY bullish engulfing candle, signifying that we might go higher.
please like if you enjoyed this content also not financial advice just my thoughts ;)
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