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Axios20
Dec 14, 2020 11:19 PM

Cardano/USD//Macro Inverse Head & Shoulders/30 cents medium term Long

Cardano / U. S. DollarKraken

Description

Inverse Head and shoulders identified on 1 week timeframe with breakout target of 30 cents. This could signify the start of the alt coin rally as bitcoin settles amongst the 20 day MA. This move will be similar to the move of Cardano from the 28th of may to the summer highs of 15.5 cents. A significant retracement will be expected but will this happen in conjunction with the 3rd Goguen hard fork and arrival of smart contracts and defi to Cardano?
Comments
Lord_Raximus
so pull back will be .21cents after the pull back of profit takers
Axios20
Yeah I'll likely be selling some ADA for the inevitable pullback. Not too much though as Cardano is a very solid project and has potential to go parabolic quickly
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