Cardano Head & Shoulders Pattern?
Updated
Cardano (ADABTC) prints the Head & Shoulder pattern, this pattern normally comes at the end of a downtrend and can signal a bottom, meaning that a bullish breakout can happen next.
Prices are shy above EMA10 with low volume and bullish indicators.
But when we look at the trading volume the bars are really small... This is a bad sign but things can surely change as today is Saturday.
Prices for ADABTC can continue slowly creeping up until a strong green candle shows up.
Conditions for change
If EMA50 (0.00000498) can't be conquered right away, we can expect a drop before the jump. The blue dashed line is where we found support.
Additional details can be found on the chart.
Thanks a lot for reading.
Namaste.
Prices are shy above EMA10 with low volume and bullish indicators.
- The pattern is bullish.
- Prices above EMA10 is also bullish.
- And the MACD and RSI are strong.
But when we look at the trading volume the bars are really small... This is a bad sign but things can surely change as today is Saturday.
Prices for ADABTC can continue slowly creeping up until a strong green candle shows up.
Conditions for change
If EMA50 (0.00000498) can't be conquered right away, we can expect a drop before the jump. The blue dashed line is where we found support.
Additional details can be found on the chart.
Thanks a lot for reading.
Namaste.
Note
TARGET:1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)
Note
TARGET:1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)
4) 0.00000690 |Hit 28-May (+54%)
5) 0.00000785 |Hit 30-May (+75%)
6) 0.00000875 |Hit 31-May (+95%)
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