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Cardano Looks Set To Fly Or Fall Out Of The Nest

Oleh Sparkster
  • RSI has just pushed into overbought territory and tinken-san (fast moving average on the ichimoku indicator) is still struggling to rise above kijun-san.
  • However, the monthly chart reveals momentum is good and with the current weekly candle now trading inside the emerging cloud, IF price can get above the current resistance level (gold horizontal at 9 cents) then a rise of 300% through the cloud region up to the next key resistance at 36 cents could happen quickly.
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