As the title suggests we will be going over Cardano's evaluation. Based on the past weeks data we are significantly overvalued. With this level of deviation you expect sell off into fair pricing, in this case that would be . There could be higher timeframe value dynamics that this small sample size of a mere week doesn't capture. Now we shall zoom out to see from higher timeframe.
Zooming out a little we see we haven't been this high for little more than two weeks, this was a heavy rejection area then. Alright let's keep going.
So we have the month and the weekly value areas overlaid
We are above -4a for the week and nearing -2a for the month. Zooming out further
Sitting at Fair for the past 3 months, retested it and found support.
