Cardano has been consolidating from the previous sell off this weekend and it might be coming to an end. The consolidation is taking form of a symmetrical triangle. Nothing fancy but they are at a pivot point so it will determine if this is a longer term rally. They broke the pattern for a few minutes right on the next hour candle so it looks like a break but was really just a sudden burst which happened on both sides so its undetermined which is stronger.
Symmetrical triangles can go both ways so we have to wait for a confirmed breakout. The consolidation is quite large so we can look at a nice 3:1 risk/reward setup. Going up I'd look out at the major resistance for a possible bounce back downward if the bulls aren't strong enough. Downwards... well doesn't look like we've found the floor yet except for where the selloff ended. So keep a eye around there.
I'm not a financial adviser. Trade at you're own risk.
From a fundamental point things are looking better. Cardano, NEM and Ripple are joining to help the EU craft regulations for cryptos. If the euro-zone will except this proposal is another matter. This is only going to really pick up in 2019 so best is to watch what TA is telling us now.