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[Cardano]
Although RSI(14) condition is in the Neutral-Bullish level, but with both EMAs which still forming a Death Cross intersection, Cardano is likely to continue its weakness toward the nearest support level.
Key Levels
1. Resistance. 2 : 0.28150
2. Resistance. 1 : 0.27643
3. Pivot : 0.27135
4. Support. 1 : 0.26628
5. Support. 2 : 0.26120
Tactical Scenario
Pressure Zone: If the price breaks down and closes below 0.27135, there is potential pressure toward 0.26628.
Momentum Extension Bias: If 0.26628 is broken, there is a quite big opportunity that this cryptocurrency will continue its weakening to 0.26120.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 0.28150.
Technical Summary
EMA(50) : 0.27282
EMA(200): 0.27665
RSI(14) : 57.04
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Advance GDP q/q - 20:30 WIB
US - Core PCE Price Index m/m - 20:30 WIB
US - Advance GDP Price Index q/q - 20:30 WIB
US - Personal Income m/m - 20:30 WIB
US - Personal Spending m/m - 20:30 WIB
US - Flash Manufacturing PMI - 21:45 WIB
US - Flash Services PMI - 21:45 WIB
US - New Home Sales - 22:00 WIB
US - Revised UoM Consumer Sentimen - 22:00 WIB
US - Revised UoM Inflation Expectations - 22:00 WIB
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