Cardano looking strong on the volumes
The price fell off the diagonal support shortly on oct 22nd but is now back up. The OBV has been increasing with higher lows showing an increase in buying activity. This can be largely due to the positive news coming out of Cardano as well as the incentivized testnet snapshot which will happen in November.
The Stochastic RSI looks like it is going to be overbought which can cause the price to fall to 492 sats to test the diagonal support again.
The daily MACD is still positive. It looks like the 21 EMA will cross the 100 EMA in mid November which can trigger a positive rally.
Cardano is one of the projects with very good fundamentals and has been gaining lot of traction lately.
Note. This is not financial advise. Please do your own research.
The Stochastic RSI looks like it is going to be overbought which can cause the price to fall to 492 sats to test the diagonal support again.
The daily MACD is still positive. It looks like the 21 EMA will cross the 100 EMA in mid November which can trigger a positive rally.
Cardano is one of the projects with very good fundamentals and has been gaining lot of traction lately.
Note. This is not financial advise. Please do your own research.
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