alanmasters
Long

Cardano Head & Shoulders Pattern?

BINANCE:ADABTC   Cardano / Bitcoin
Cardano ( ADABTC ) prints the Head & Shoulder pattern, this pattern normally comes at the end of a downtrend and can signal a bottom, meaning that a bullish breakout can happen next.

Prices are shy above EMA10 with low volume and bullish indicators.

But when we look at the trading volume the bars are really small... This is a bad sign but things can surely change as today is Saturday.

Prices for ADABTC can continue slowly creeping up until a strong green candle shows up.

Conditions for change
If EMA50 (0.00000498) can't be conquered right away, we can expect a drop before the jump. The blue dashed line is where we found support.

Additional details can be found on the chart.

Thanks a lot for reading.

Namaste.
Comment: TARGET:

1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)
Comment: TARGET:

1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)
4) 0.00000690 |Hit 28-May (+54%)
5) 0.00000785 |Hit 30-May (+75%)
6) 0.00000875 |Hit 31-May (+95%)
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Comments

Good call.

Reply
Really appreciate your ongoing ADA guidance!
+1 Reply
alanmasters ZenChill
@ZenChill, I am glad to read this.

Thanks a lot for the support.

Namaste.
Reply
God job
+1 Reply
alanmasters Jakerose
@Jakerose, Thanks.
Reply
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