Potential symmetrical triangle setup on ADA

Cardano / U. S. DollarKraken

Description

⋅ Feb 17, 2021 5:17 PM

Ada looks to be ranging under resistance, this is usually bullish and leads to a breakout to the upside.

The break out of the symmetrical triangle is around the $1.15 area.

Btc seems to be in charge and alts look a little flat, so a spike in volume is needed.

Buy in on a restest would be perfect if the initial breakout volume is weak.

Comments

samimessinezis

⋅ Feb 22, 2021 11:39 AM

great trade man! Do you feel like triangles and wedges are the ways to go with technical analysis?

Ryecatcher

⋅ Feb 22, 2021 11:59 AM

Thanks mate, imo never over complicate trading, simple patterns tend to play out more often then not. fundamentals are always key to technical analysis.