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lucamodena
Feb 20, 2021 12:57 AM

Cardano setting up to reach a new ATH Long

Cardano / US DollarBinance

Description

We are currently forming a consolidation structure with a rounded bottom.
I guess we could say it looks like a cup&handle formation, anyway, it is extremely bullish. What is more we got a nice bullish hidden divergence on the Stochastic indicator.

My next price target is at least 1,40 and a test of the ATH form Jan'17.

That's a 50% profit from the current level!


GL&HF ;)
Comments
Page1of2
Where do you think Cardano is going for the short term now? Great analysis, btw!
lucamodena
@Page1of2, it will go parabolic for the next couple of month. Did't look at the exact target. Maybe I will make a post on that soon ;)
Stargazer_fx
great analysis mate
nagelac
Wish I saw this when you posted. Great call
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