Cardano seems to be in a descending wedge.
A breakout on Saturday would either bring us to the top of our upper trendline, which we haven't broken in the last two months at around $1.30, or it could bring us down to the previous support of $1.00.
According to the pattern site dot com, descending wedges tend to break to the upside 68% of the time, so let's hope that this will happen.
A breakout on Saturday would either bring us to the top of our upper trendline, which we haven't broken in the last two months at around $1.30, or it could bring us down to the previous support of $1.00.
According to the pattern site dot com, descending wedges tend to break to the upside 68% of the time, so let's hope that this will happen.