Falling wedge on Cardano daily
Above i have identified a falling wedge on Cardanos daily chart.
We can see a decrease in bearish volume as the market looks for a potential reversal to the upside.
Taking into consideration the current market climate where BTC has seemingly found support at 37000, it wouldn't surprise me if we saw the market reverse. The first target price for Cardano would be the 0.98-1 level where we recently got rejected. If broken secondary target would be at 1,11.
Welcome to ideas and suggestions :)
Not financial advice.
We can see a decrease in bearish volume as the market looks for a potential reversal to the upside.
Taking into consideration the current market climate where BTC has seemingly found support at 37000, it wouldn't surprise me if we saw the market reverse. The first target price for Cardano would be the 0.98-1 level where we recently got rejected. If broken secondary target would be at 1,11.
Welcome to ideas and suggestions :)
Not financial advice.
Trade closed: target reached:
1st TP hit waiting for the market to establish direction :)