Inverse Head and shoulders identified on 1 week timeframe with breakout target of 30 cents. This could signify the start of the alt coin rally as bitcoin settles amongst the 20 day MA. This move will be similar to the move of Cardano from the 28th of may to the summer highs of 15.5 cents. A significant retracement will be expected but will this happen in conjunction with the 3rd Goguen hard fork and arrival of smart contracts and defi to Cardano?
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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.