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cryptodailyuk
Apr 8, 2024 4:57 PM

A potential head and shoulders arrangement on Cardano 

Cardano / TetherUSBinance

Description

The formation of the formation will be confirmed by a decline confirmed by a large trading volume. The minimum range of decline, measuring the height of the formation from the neck line down, is ~ 0.35. However, it should be remembered that such a movement may occur in an interval of 4 hours or 1 day - so the movement may last a week and a long time...

In this situation, breaking the local downtrend line may result in a break of the formation and three ranges of an upward movement.
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