CARDANO (ADA/USD) Shows Some Bullish Patterns!

The last two days are been very bullish for Cardano'. It has several bullish signs and we are ready to reveal those from the chart.

First one is the continuation chart pattern "Falling Wedge". The latest momentum was upwards and after that, the price stayed in the consolidation mode (sideways movement). This sideways movement allows to draw the trendlines which will indicate that there is a continuation pattern "Falling Wedge".

The second bullish sign is a bullish candlestick pattern called "Engulfing". On Sunday we made an upwards breakout from the chart pattern and we got a candle close above the August low which worked as a resistance. This candle eats entirely the previous one and we got a bullish "Engulfing" candlestick pattern. Yesterday this bullish momentum has continued and we have a full confirmation breakout from the "Falling Wedge"

The next resistances are the strong area around $0.091 and the round number $0.1. Those are the major resistances before we could see the major target area around June low at $0.113. In this area, we should make a big price structure change an HH (higher high).
The target area is coming from the chart pattern. The target has to be on the same size as the "Falling Wedge" 'pole'.

So, if the price reaches into the mentioned resistance area You have to watch what Bitcoin does and what price action You could read out from the ADA chart!


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