Cardano remains trapped inside trading range

Important Update for RobotFX Visitors

We want to sincerely apologize for any confusion or inconvenience caused by our recent website restructuring.

The main RobotFX hub has officially moved to our new, streamlined address at robotfx.org (without the "www" prefix). While our main operations have shifted, we want to reassure you that this archives site, old.robotfx.org, will remain fully active. You can still access our complete library of past posts, historical trading analysis, and legacy articles right here.

However, for the latest updates, newer content, and a significantly faster, more optimized browsing experience, we highly recommend heading over to our primary home at https://robotfx.org.

Thank you so much for your continued support and patience as we improve our digital services.

Red lines- trading range

Since May of 2022 Cardano has made no real progress as price is moving mostly sideways inside a trading range between $0.38 and $0.65. Price is now trading close to the lower boundary of the trading range. Trading is very tricky when price is moving sideways and that is why we noted that traders should be patient for price to exit the range before opening positions. Trading inside the trading range is very tricky and price action might be misleading. However aggressive traders would buy when price is close to lower boundary and sell near upper boundary.

Trading analysis offered by Flex EA.
Source