DrDovetail

potential inv head & shoulders could double ADA's current price

Long
BITTREX:ADAUSD   Cardano / US Dollar
Cardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before finally breaking upward but considering its had its golden cross sustained probability is inf avor of a validated breakout before too long. target 17-18 cents.
Comment: if priceaction happened to have a temporary pull back to retest the 1 day 50ma and it retained support that would be an excellent zone for dip buying.

Comments

Swift rejection of the neckline
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