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Stricken

ADAUSD Possible Head and Shoulders Pattern

Long
Cardano (BINANCE:ADAUSD)  
Stricken Updated   
BINANCE:ADAUSD   Cardano
Chart Patterns Trend Analysis adausd ADAUSDT ADABTC ADA cardano CARDANOADA cardanobtc cardanousd cardanousdt
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chartpattern trendanalysis adausd adausdt adabtc ada cardano cardanoada cardanobtc cardanousd cardanousdt
Cardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.

This is not financial advise, it's just for me to keep track of my own trading.

Happy Trading.
Comment:
Correction: 21 MA instead of 21 EMA
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