✴️ Cardano | RSI Long-Term Signal Explained

I am going with Cardano again because I have a very interesting signal to show you.

This signal is based on the Relative Strength Index (RSI) and goes as follows... Let's start with the chart.


So much to look at in a single chart.

✔️ 1) We have a long-term higher low; Dec. 2022 vs Dec. 2018.

✔️ 2) The cup (yellow) pattern indicates a bottom formation. By bottom we mean that it can't go any lower.

✔️ 3) The middle line in blue is 50. RSI above 50 weekly is super-strong, the bullish zone. Currently the RSI sits at 57.81.

✔️ 4) Straight up. The RSI line is literally a straight up line, pointing up with growing momentum.

✔️ 5) There is plenty of room left for additional growth.

You can read yesterday's trade idea for the short-term.
We have a 200 day high, the higher low, volume, etc.

✴️ Cardano New 200 Days High

Thank you for reading.

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Namaste.