SoosSebastian
Long

Cardano trying to brake the BEARMARKET and start new BULLTREND!

BINANCE:ADABTC   Cardano / Bitcoin
The longer i look at chart ADA to BTC the more i have to think about potential breakout out of correction and probably finally chance to start a new trend. We saw big dump / recession which lasted almost 2 years , now we can see a slow consolidation / accumulation at the bottom of the charts for few months and contiuously gaining buy volume out of BULLS . Pump - Dump - Consolidation should be the end of the big market cycle. Are we ready for another bulltrend ?

At the 3D chart we see great falling wedge pattern which is known as BULLISH for 70% of cases and mostly works like reversal pattern in bearmarket . After 1 and half year Cardano broke up the big downtrend resistance trendline a continuously gaining buy volume for 20 Days in a row . That volume is not so enormous but may be a good indicator of the reversal idea .

At 1D chart we see the interest of ADA to breakout the symetric triangle at the bottom of the trend and strong accumulation zone PoC , and also the breakout happened through the resistance trendline of the great Falling Wedge in one time , so the timing was perfect. Just the volume was not so extreme.

Here is the 1D chart : Also i connect 4H chart to see ADA come to confirm the trendlines as a support and continue with the actual uptrend.
4H chart :
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