Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.
Cardano continues to react to the trendline, now printing very small candles that are carried by EMAs. This looks like a textbook example of a high quality breakout.
We have a breakout forming in the minor resistance zone. This might look appealing to impatient traders, however we know that trading in the middle of the big range, where the price movement is most unpredictable, so we stay away from this setup for now.
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Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.