Cardano surged 51% from $0.171 to $0.2588 in just three days from August 19, and is now catching its breath, having eased back to $0.2186.
The $0.204-$0.211 area is where several things line up at once: a price gap the rally skipped over without trading, the medium-term average price line on the 4-hour chart, the halfway point of the whole advance, and the low reached by the wick of the recent flush.
If $0.2034, the floor of that overlapping area, gives way, this is no longer a healthy pullback but a failed advance - which is exactly why the stop sits just below it at $0.1985.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
