Interesting price action for Cardano (ADA)
Hi guys,
I have seen that Cardano just breakout the descending wedge which have been formed since the last july 2018.
On the other hand, there is a big green candle just after the breakout of the resistence on the weekly MA 50. I expect that if we don't see a high sell presure, this green big candle will close as a big green as a Green Candlestick.
Other interesting point is the fractal that I have observed in the altcoins market cap which might mean a reversal trend of this last bear market:
Finally, we can see how Cardano made a higher high and higher low. This is a clear reversal trendline and it is the fist time that we can see this pattern since we began the bear market.
All this ingredients make me think that Cardano is likely starting the new bull market.
The first target that I expect after the breakout of the falling wedge is at 0.21$
This is not an investment advice.
I have seen that Cardano just breakout the descending wedge which have been formed since the last july 2018.
On the other hand, there is a big green candle just after the breakout of the resistence on the weekly MA 50. I expect that if we don't see a high sell presure, this green big candle will close as a big green as a Green Candlestick.
Other interesting point is the fractal that I have observed in the altcoins market cap which might mean a reversal trend of this last bear market:
Finally, we can see how Cardano made a higher high and higher low. This is a clear reversal trendline and it is the fist time that we can see this pattern since we began the bear market.
All this ingredients make me think that Cardano is likely starting the new bull market.
The first target that I expect after the breakout of the falling wedge is at 0.21$
This is not an investment advice.
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