Cardano made a nice push up and Now on the hour a trapped in a symmetrical triangle. 50/50 breakout chance and pay attention to the MA50 on this timeframe we are dancing around it now. Should we really get below it with a clear rejection then that could bring the price further down. Both the price target of the symmetrical triangle and the MA200 meet with it.
Yet we also see a downtrend in the MACD and it is desirable that it would remain above the midline to remain bullish. for both scenarios it is desirable to see a re-test but is not a must.
Keep calm, do your own research, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Yet we also see a downtrend in the MACD and it is desirable that it would remain above the midline to remain bullish. for both scenarios it is desirable to see a re-test but is not a must.
Keep calm, do your own research, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Tims.Technische.Analyse by TIMTIBBO