Cardano in Ascending triangle.
The price action of Cardano has formed an ascending triangle formation with a break point at $1.40.
Break above $1.40 will lead to a retest of pivot resistance at $1.47 - $1.48.
The trend of higher highs is located in this channel, that can eventually lead to a bull flag is at $1.70.
I am looking to take my profit slightly below $1.70, slightly above 20% profit.
The price of ADA can easily reach $2 and higher, if the price action doesn't get stuck at $1.70.
RSI have buy signal, MACD too. Momentum to be expected soon.
Break above $1.40 will lead to a retest of pivot resistance at $1.47 - $1.48.
The trend of higher highs is located in this channel, that can eventually lead to a bull flag is at $1.70.
I am looking to take my profit slightly below $1.70, slightly above 20% profit.
The price of ADA can easily reach $2 and higher, if the price action doesn't get stuck at $1.70.
RSI have buy signal, MACD too. Momentum to be expected soon.
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