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21.03.202307:25 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Cardano Cryptocurrency, Tuesday March 21, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 21.03.2023 analysis

On its daily chart of Cardano Cryptocurrency, there is a deviation between price movement with Stochastic Oscillator indicator so that based on the condition in a few days ahead, this cryptocurrency has the potential to appreciated upward to the level of 0,36079 as the main target and if the momentum and the volatility supports, then the level of 0,41306 will be the next target to be tested however all of this will become invalid and cancel by itself if on the way to those level targets suddenly Cardano reversed corrected down and passed the level of 0,28979.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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