Cardano, ShibaInu & DogeCoin — Asian Wrap 06 July

Cardano price, like other cryptocurrencies, coils in a triangular fashion. Cardano price could experience another sell-off. The swing lows established in June are unstable. Traders should also be hesitant to use the  swing low on May 12 as a bullish invalidation level.

 

Shiba Inu price presents a bullish trade setup with a conservative entry that equates to a 4-1 reward-to-risk ratio. Shiba Inu price has been trading in a triangular fashion since the out-of-nowhere rally that occurred on the first day of summer 2021.  

 

Dogecoin price is a cryptocurrency traders should keep firm track of as market conditions could get very volatile in the coming days. Dogecoin price has recently witnessed a rejection at the $0.07 barrier, which could trigger another sell-off into June’s 4-hour supply zone within the $0.05 region.

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