TradingView
HubAlgo
Jun 8, 2022 4:51 PM

CARDANO- Does the update have a bull effect? 

Cardano / TetherUSBinance

Description

Hi everyone

As the news for the new hard fork for CARDANO booming, we can see a pattern on the exact opposite of the news.You may argue with a bull flag pattern or volume and you might be right but a bull flag with accumulation around 50 bars??

For now we have a HH MTR pattern with low risk and high reward, resistance level is 0.69$ and our support levels are 0.6$ and 0.55.The price may reach the resistance and activate the pattern there, but if it crosses that line we may have a good way up.

Hope this analysis helps you in a way.

I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Comments
The1seer
also bearish divergence in Rsi 4H 1H
HubAlgo
@The1seer, Yes, but I use RSI as a tool not a signal or a solid indication.
And Thanks.
The1seer
@mignaly same it's showing weakness in up trend
More