Coinpedia-Market-Insight

Ascending triangle in Cardano

BINANCE:ADAUSDT   Cardano / TetherUS
* Cardano rallied for almost 35% from it's major support, it is now trading between it's resistance near $1.3900 and a rising trend-line as it's support forming Ascending triangle.
* Ascending triangle is considered to be either bullish or bearish pattern depend on the trend.
* Currently the Cardano price is in a tight consolidation of the pattern, breakout on the either side of the pattern can give a healthy move.
Trade closed: target reached

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