Symmetrical triangle for cardano.
hello folks ,
as you can see in the chart, we are inside this blue symmetrical triangle, getting closer to the apex , with decreasing volume, I expect to se the brake soon.
it is a continuation pattern, so we have the major % to see it broke to the upside, but we have to consider that the btc is leading the cryptospace,
so I would expect to see a breaking up, only if btc can stand above 48k demonstrating stability and strength we consider that the btc pattern is not yet clear it could be looking for a lower high.
-I would like to so volume coming in at the moment of the breaking.
-the recent big positive news on cardano's technological advances could help in the bullish push
-if we break bullish, we could find resistance in the marked area, everything will depend on the behavior of btc, i don't think we will see new highs if btc does not show strength
-we consider that also the change adabtc could have found the low in its pattern and therefore has to recover
I don't want to talk about the bearish break, however it's all in the chart
this is not a financial advice, just my considerations.
be prepared
thanks a warm greeting
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