BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Cardano has formed a finished bullish cypher. According to my counts, the key resistance zone is located in the area of 0.087. However, on the way up to the mentioned key level, the price will face three more resistances. As the consequence of this collision we would have a Elliott Waves pattern.

At the bottom of the downward movement we can see a bullish wedge . As you know - falling wedge is the reversal pattern which makes the actual support even stronger. Moreover, there is a convergence on RSI - another bullish sign. Despite all these bullish factors, the price can return to the downward vector, so be careful. All resistances were mentioned on the chart, you can use them as targets.
Work in the team of Crypto Klondike.


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