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31.05.202305:54 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Wednesday May 31, 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 31.05.2023 analysis

On the 4 hour chart, there is a deviation of Cardano Cryptocurrency between price movement with MACD indicator where this things confirmed that Cardano has the power to appreciate rally upward where currently is trying to test the level of 0,37817. However, if on the way to those level suddenly Cardano corrected below the level of 0,36771, then the upward movement will be held and the increase scenario will become invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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