Cardano price action last Monday hinted at a possible recovery and broader trend change after six consecutive months of losses. However, sellers remained in control and not only wiped out all of Cardano’s Monday gains but pushed Cardano to a new lowest close of the past 390-days.
Ethereum price is trading against its final support level at $2,500. The level is below the new 2022 Volume Point of Control and below a bearish continuation pattern. A huge sell-off looks very likely to occur at any moment. Ethereum price has two very bearish conditions on its daily Ichimoku chart.
XRP price action is in a very undesirable position: inside the Ichimoku Cloud. The Ichimoku Cloud represents pain, misery, volatility, indecision, and whipsaws – it’s where trading accounts go to die. XRP teased a likely bullish breakout twice during last week’s trading but failed to deliver.
