CADAUD, the Canadian Dollar against the Australian Dollar, is showing signs of a potential reversal as it reaches the end of a falling wedge pattern at a key support level. This pattern typically indicates a potential trend reversal from a downtrend to an uptrend.
Traders considering this potential reversal may set a take profit level at 1.1148, aiming for an...
Cardano ADA going on 22 September trough Vasile Forke, similar to Ethereum Merge it would be a "sell news" after "buy rumors".
Sell of is already started break down of rising wedge is confirmed.
Next target is $0.40 forty cent and confirmation of break down of descending triangle would crush it to lower region about 10 cent and lower
CADAUD appears to be heading lower. It is in a very deep downtrend. The market has formed a "W" pattern, which is a bullish sign BUT it appears that price has bumped against the upper trend line. The market has not retested the 1.000 level so this tells me price may still be headed down. Hopefully the buyers won't get trapped in the market.
