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RizeSenpai
Sep 8, 2022 3:40 PM

Cardano: Bullish Cypher at an 88.6% Retrace Long

Cardano Perpetual FuturesFTX

Description

We have Bullish Divergence on the Weekly MACD and a Bullish Engulfing of the Previous Week at the 88.6% Retracement. I would like to call this a Shark but we are missing the 1.618 Extension however due to some of the other Bullish Variables i think that i would instead see this as a Bullish Cypher that went a little too deep to the 88.6% rather than the 78.6% retracement as we sttill have the 1.272 Confluence here.
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