#TradingAnalysis101 Here’s a brief summary of all the important factors at play for Cardano and the effect they should have on its price this year:

Cardano is respecting the 50 EMA on the weekly chart – BULLISH

It has bounced off a well-established support/resistance zone – BULLISH

We’re seeing the ‘break and retest’ pattern on both the weekly and daily charts – BULLISH

The important resistance level of $1.30 is hovering above current prices – BEARISH

All major moving averages