Cardano is bullish by Ichimoku confirmations
-price is above Tenkan Sen, Kijun Sen, SSA and SSB, meaning bullish market sentiment in short, mid and longterm.
-Tenkan Sen, Kijun Sen and SSA are up, meaning bullish trend in short, mid and short to midterm.
-Chiko Span is above the candles, meaning bullish market momentum.
-Kumo has thickness, that is great for better stability
Price is moving in an ascending triangle and has ben trying to break to the upside. But unfortunately there is a very important resistance zone that is keeping it from it. Price has been bouncing on the Tenkan Sen.
If price breaks the ascending triangle the upside target would be 3.40 Dollar, wich is also the 1.68 fib extension level. The downside target would be 2.40 Dollar.
Let's see if it breaks the triangle!
-price is above Tenkan Sen, Kijun Sen, SSA and SSB, meaning bullish market sentiment in short, mid and longterm.
-Tenkan Sen, Kijun Sen and SSA are up, meaning bullish trend in short, mid and short to midterm.
-Chiko Span is above the candles, meaning bullish market momentum.
-Kumo has thickness, that is great for better stability
Price is moving in an ascending triangle and has ben trying to break to the upside. But unfortunately there is a very important resistance zone that is keeping it from it. Price has been bouncing on the Tenkan Sen.
If price breaks the ascending triangle the upside target would be 3.40 Dollar, wich is also the 1.68 fib extension level. The downside target would be 2.40 Dollar.
Let's see if it breaks the triangle!