Aroundthesun

ADA: falling wedge within a bull flag (break out imminent)

Long
BINANCE:ADAUSDT   Cardano / TetherUS
Hi Traders,

We are looking at the 1 hour chart of ADA/USDT.

As we can see, a falling wedge has formed, which could be seen as a bullish signal.

Furthermore, the falling wedge has formed within a bull flag.

Mac-D: has crossed, currently around 0, which seems to be a bullish signal.

Fundamentals
Smart contracts (alonzo) possible on the Cardano blockchain (starting from 12 september), which currently only runs on testnet.

Cardano Marketcap: 91,99BN
Ethereum marketcap: 403BN
M1 is limited (?)

Have a good one.






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