So,
A new little trend line snuck up on us for Cardano/BTC.
It intersects nicely with a currently secondary downtrend line to form a what's that? Another symmetrical triangle! Woah!
So, we are catching resistance at the short term .382 fib currently around 1249ish sats. I believe that we will need to break up and over 1260ish sats with some nice volume to get up and over this triangle.
We seem to be forming a short term bottom around this trend line. So, let's hope and pray that cardano decides to break upward out of this new symmetrical triangle formation.
Thank you!
A new little trend line snuck up on us for Cardano/BTC.
It intersects nicely with a currently secondary downtrend line to form a what's that? Another symmetrical triangle! Woah!
So, we are catching resistance at the short term .382 fib currently around 1249ish sats. I believe that we will need to break up and over 1260ish sats with some nice volume to get up and over this triangle.
We seem to be forming a short term bottom around this trend line. So, let's hope and pray that cardano decides to break upward out of this new symmetrical triangle formation.
Thank you!
Comment:
Another valid trendline from the 25th of september sets up nicely as the symm triangle, too.
Comment:
Oh my goodness, Cardano is breaking up and out of the triangle, wooohooo!
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