CARDANO alias ADA.ADA? YES, ADA. FLAT BASE PATTERN
To make the breakout and reach such an ambitious target price must occur:
1) The volume should grow as the rise before entering the channel or similar
2) What I pointed out both in the MACD and in the RSI
The pattern called FLAT BASE was formed
A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the most powerful breakouts, ever. A stock can easily double in a matter of days / weeks. There should be no evidence of breakdown in this pattern and they should be entered immediately when you first find them. When the breakout occurs, it is likely that you will never see pre-breakout prices for a long time.
We will see how it is solved
Greetings and good trading for all!
1) The volume should grow as the rise before entering the channel or similar
2) What I pointed out both in the MACD and in the RSI
The pattern called FLAT BASE was formed
A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the most powerful breakouts, ever. A stock can easily double in a matter of days / weeks. There should be no evidence of breakdown in this pattern and they should be entered immediately when you first find them. When the breakout occurs, it is likely that you will never see pre-breakout prices for a long time.
We will see how it is solved
Greetings and good trading for all!
Comment:
Still the consolidation phase
Trade closed: target reached:
Target reached
