ADAUSD Symmetrical Triangle is Forming

Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this.

Cardano is forming a symmetrical triangle on the hourly chart and I expect the price to rise up to our next target approx. at $3.25. Since the Alonzo hard work was launched successfully last Sunday, September 12th, 2021, I believe there will be more exciting news to come to Cardano as well as DApps that are going to build on it. However, historically speaking, September is usually not a great month on the crypto market in general, so I would be patiently waiting for this to play out.

Good luck and happy trading!