MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Cardano vulnerable to a move towards $1,82.

Cardano as we mentioned in previous posts, has provided us with a bearish signal after breaking out and below the triangle pattern it was. Price has back tested the triangle pattern from below, but price seems unable to gather momentum for a move higher.


Black lines - Triangle pattern (broken)

Green lines - Fibonacci retracements

Cardano is now trading around $2.10 but price has continuously made higher lows over the past few days. Having broken out of the triangle pattern makes price vulnerable to a move lower. Support is at recent low of $2.06. Breaking below it will open the way for a move towards $1.82-$1.80. Resistance is at $2.29. Bulls need to break above this level in order to decrease the chances of any move lower.

The material has been provided by InstaForex Company -