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TradingShot
Sep 23, 2021 5:02 PM

CARDANO about to rally repeating this Cup & Handle of the past? Long

BINANCE:ADAUSD1D
Cardano / US DollarBinance

Description

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ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line).

This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern was formed twice since the COVID market crash, 1) In August - December 2020 and 2) In February June 2020.

Both patterns held the Handle above the 1D MA100 and a parabolic rally followed straight after. Are we about to witness the same rally on Cardano? What do you think?



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Trend AnalysisHarmonic PatternsChart PatternscardanoADAadausdsignalscardanosignalsadausdsignalsCryptocurrencycryptocurrencysignals
Comments
MasterPlayer
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I hate to spoil the party

but the party in this coin is already over

Only drop that will supply other currencies now

No way... over bought
jasonu38
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Sounds great to me, nice comparisons!
v184
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It's picture perfect! Too low now should be atleast at 2.46 already!!

The summit gonna make it go parabolic :)
jpromolk
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Great! We Hope it go 5$ soon
MasterPlayer
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@jpromolk, I hate to spoil the party

but the party in this coin is already over

Only drop that will supply other currencies now

No way... over bought
v184
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@MasterPlayer, No one would be able to spoil anything unless they are willing and able to short it worth billions at the current levels ;)
MasterPlayer
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@v184, one more reason to fear
Retained earnings

only if you're crazy and wait for the profit to evaporate

they will surely sell the millions

Like any altcoin it is only an altcoin
v184
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@MasterPlayer, The greatest loss for any trader are not the one's that were realised but the missed opportunities!

Yes I do fear missed opportunities and things are just getting started with cardano :)

People were telling to sell ETH at 2S lol when it doubled for the first time.

ADA is not some random ECR20 token it's a complete new platform/technology so much more than just any other altcoin as you described.

ALGO and ADA have an exciting future and honestly one can't get enough if you gonna HODL.
doubledpr
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@v184, you are right Cardano is just getting started and many people will regret not having to invest now…
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