I would say that Cardano has been one of the better performing assets of 2021 and it's going through a bit of a distribution phase if you ask me. It looks like we're in the making of a bear flag in a complex correction.
We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02.
This is where I'd be interested in purchasing... if we break up and out of this wedge, I'd be a buyer on a retest. Not sure I'd risk buying right here, though.
We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02.
This is where I'd be interested in purchasing... if we break up and out of this wedge, I'd be a buyer on a retest. Not sure I'd risk buying right here, though.
Trade closed: target reached:
We bounced at around $1.03 which is basically where I said we'd go. Either way, down was the direction.