CARDANO about to rally repeating this Cup & Handle of the past?
ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line).
This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern was formed twice since the COVID market crash, 1) In August - December 2020 and 2) In February June 2020.
Both patterns held the Handle above the 1D MA100 and a parabolic rally followed straight after. Are we about to witness the same rally on Cardano? What do you think?
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This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern was formed twice since the COVID market crash, 1) In August - December 2020 and 2) In February June 2020.
Both patterns held the Handle above the 1D MA100 and a parabolic rally followed straight after. Are we about to witness the same rally on Cardano? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes
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