Hi everyone,
Cardano is currently in a consolidation phase and is forming an important formation with higher lows. When ADA manages to stay within its structural formation and is able to move above the upper-boundary of the bullish ascending triangle then there is a great potential we can complete a bullish breakout. As usual a combination of good volume and right price action is required to confirm this.
Traget point is mapped on the chart.
It is important we manage to stay above the lower grey trendline for this potential breakout structure
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
Cardano is currently in a consolidation phase and is forming an important formation with higher lows. When ADA manages to stay within its structural formation and is able to move above the upper-boundary of the bullish ascending triangle then there is a great potential we can complete a bullish breakout. As usual a combination of good volume and right price action is required to confirm this.
Traget point is mapped on the chart.
It is important we manage to stay above the lower grey trendline for this potential breakout structure
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。