Cardano | The Next Ripple? Potential Breakout. [ADABTC]
If you missed out on the Ripple breakout, don't FOMO and rather ask yourself what other markets potentially could take off in the near future.
What I'm eyeing right now is Cardano. It's got some bullish support through the double bottom and the RSI divergence.
Like almost every other market, it's drawing the same kind of pattern, but it hasn't made a giant move yet.
What I like about it, is that it is about 95% down from its ATH, which makes it really attractive as a Long trade.
Once the major resistance around the downward trendline is broken, this could be another great setup.
Definitely keep it on your watchlist. Breakout might not happen immediately, but it is definitely something to watch out for.
Have a nice day!
What I'm eyeing right now is Cardano. It's got some bullish support through the double bottom and the RSI divergence.
Like almost every other market, it's drawing the same kind of pattern, but it hasn't made a giant move yet.
What I like about it, is that it is about 95% down from its ATH, which makes it really attractive as a Long trade.
Once the major resistance around the downward trendline is broken, this could be another great setup.
Definitely keep it on your watchlist. Breakout might not happen immediately, but it is definitely something to watch out for.
Have a nice day!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.