Cardano, Develops Descending-Triangle, How A Breakout Emerges!

Hi,

Welcome to this analysis about Cardano, we are looking at the 2-hour timeframe perspectives. Cardano in recent times is showing some interesting developments as it has formed this main descending-triangle-formation in the structure with the coherent waves A and B already completed within the wave-count and now moving on to form the wave C in the structure that will test the lower dynamic-support-zone marked in orange from where a sustainable bounce can show up and when this bounce is solid enough it can lead to a final breakout above the upper-boundary of the formation which will confirm it bullishly and will be the according to setup for further continuations to the upside to test the main upside-targets marked in blue from where the further dynamics need to be elevated and if Cardano manages to continue bullishly or firstly shows up with a pullback which will be not unlikely in this case.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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