quantmaven

Cardano: Time to attack the giant triangle dynamic resistance

Long
KRAKEN:ADAUSD   Cardano
After I called the bottom two days ago, it is time for Cardano to show if it can break the giant triangle to the upside and confirm a new bull market cycle. For this to happen, the price momentum needs to continue from where we finished with a green candle today at 8pm and keeps ascending in the upcoming days. If this scenario comes to unfold, I would expect some pullback after breaking the giant triangle.

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