Cardano Descending Broadening Wedge Pattern

16 בינו׳ 2021

Cardano is a large cap that I'm super bullish and interested in but has not seen the same growth as DOT and LINK so far. I do believe ADA will have it's time soon, but as you can see we are currently in a bullish falling broadening wedge pattern. I do not expect us to test the bottom trend line and will be expecting a break upwards. First target is 0.35 (the blue line) but am expecting it to go much higher. Will be accumulating in this zone and open a long once we break above the wedge and retest.

16 בינו׳ 2021

הערה

We broke up very cleanly on the hourly candle. Looking to either test the blue resistance line or pullback and retest the wedge line.

17 בינו׳ 2021

הערה

Multiple tests on the blue line before a nice green candle upwards