Will the year 2022 be positive for the Cardano course?

Usually, we always look at the daily or weekly charts for different cryptocurrencies. Now the year 2021 is over, which is why we are looking to the year 2022. We want to introduce you to possible scenarios for a wide variety of cryptocurrencies that appear to us to be possible. Today we want to take a close look at the Cardano course, as the course rose extremely in 2021. If you are also interested in Ethereum or Bitcoin.

The Cardano course formed a trend line in the last few months in 2021. This trend line has already served as a support for a few months, where it was also tested. In December we fell back on the trend line and found support again. Because of this, we are assuming rising prices in the next month, at the beginning of the year. After that, the price could drop a little. Then, at the end of the year, there could be a final pump, where we may also create a new all-time high.

The Cardano price has resistance at $ 2.37. As a result, an ascending triangle has now formed. These triangles serve as a continuation pattern, which is why we assume prices will rise sharply as soon as the price breaks the resistance of $ 2.37 sustainably. Since the last third is in 2023, we assume that the price could break out bullish in early 2023. However, if bullish news about the Cardano project comes, we could break out earlier. This could then also happen without a major sell-off on the trend line. Instead, a new all-time high could come earlier than expected.

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