AleF93

AleF93

After a recent power move up, Cardano has been consolidating with a possible formation of an ascending triangle. Yesterday support was found around the $0.13 mark with some confluence on a trendline draw from the start of the upward move and previous swing low as well as the 50 EMA. A possible target of the $0.17 region could be taken, a break of this level with...

AleF93

The start of the new impulse cycle could be said to have started in March 2020 continuing to a final high in July 2020 being pushed by huge positive sentiment and the release of Shelley. Since then Cardano has retraced significantly to around the $0.075 which held as a support during June 2020. The positive move from this level has since seen Cardano moving higher...

AleF93

Taking a Fib retracement from lows at the end of last year to the closing candle high of this year during 16/17 July we see that the golden pocket zone (0.618-0.65) has been reached for a possible reversal. An ascending triangle is forming with momentum pushing from below signaling a possible break to the upside providing confluence. A long term will only be...

AleF93

Deep cup and handle formation and oversold RSI could signal for long term breakout