Real nice look here for Cardano, with the 3rd rising valley, and now the 3 bar play, a 3 candle pattern suggesting of bullish continuation.
Given this is the weekly chart, i would put a lot of weight into this and cautiously say, this is where we finally get a real move here.
Daily momentum continues rising with volatility, which is a characteristic of a strong bullish trend underway.
Simultaneously, the daily ADX has begun to rise once again from under the newly Bullish DX cloud. This is the earliest signal that a new bullish trend is technically underway.
If the 3 bar play fails, or fails to close with this weeks candle body engulfing last weeks, id consider that a subtle red flag. Price should not make a new low under this pattern from here on out.
Given this is the weekly chart, i would put a lot of weight into this and cautiously say, this is where we finally get a real move here.
Daily momentum continues rising with volatility, which is a characteristic of a strong bullish trend underway.
Simultaneously, the daily ADX has begun to rise once again from under the newly Bullish DX cloud. This is the earliest signal that a new bullish trend is technically underway.
If the 3 bar play fails, or fails to close with this weeks candle body engulfing last weeks, id consider that a subtle red flag. Price should not make a new low under this pattern from here on out.
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