Cardano is Likely to Continue Down after Correction
Cardano is seen weakening as its prices dropped during the last week. A huge drop on August 17 sent a coin into correction. Prices are nearing the resistance of the downward channel offering an opportunity for new short positions. The 0.2690-0.2735 area is seen interesting to consider short trades with a target at 0.2440. The stop loss could be set slightly above 0.2825, which is the high of August 16.
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