Possible bullish rectangle
With Cardano has its mainnet scheduled for Sep 12th, we might see high volume and buy pressure that could form a bullish rectangle in the coming weeks with a breakout to the range of 3.50 to 3.70.
Note
This case is only possible if we hold and close the daily candle above the support line and see more buy volume
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Disclaimer
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.