The current price: 0.3834
Key point: 0.3690
Our preferred direction: buying positions above 0.3690 levels, targeting 0.4414 as a first target, then 0.5165 as a second target.
Alternative scenario: stop loss and change direction by breaking 0.3690, targeting 0.3180.
Technical comment
Cardano currency is moving in an upward channel on the daily timeframe, from the low of last March and the highest ascending trend line from the low of the current year, and it is currently a reversal head and shoulders pattern, so that the price is expected to rise to reach levels of 0.5165-0.5927
