Several major cryptocurrencies are in a minor corrective phase and this might provide another opportunity for traders to buy after the uptrend resumes
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Several major cryptocurrencies are in a minor corrective phase and this might provide another opportunity for traders to buy after the uptrend resumes
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, the ADA cryptocurrency has slumped into a correction, which, after the robust and stable growth in January, looks logical. The cryptocurrency is generally trading around $0.0541. On D1, analyzing the long-term technical picture of the Cardano development, we can notice that the general trend looks like a quite wide narrowing channel. After a bounce off the lower border, a convergence on the MACD, a breakout of the resistance line of the previous channel, the quotations started developing an uptrend. The aim of the trend is the upper border of the general
The post Cardano Price Analysis for January, 31th – ADA: All Good Regardless of Correction appeared first on The Merkle Hash.
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Several major cryptocurrencies appear to be in the process of an uptrend, meaning dips to strong support levels can be viewed as buying opportunities
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