Cardano and a green trend line.
On March 10 Cardano dropped out of my green parallel channel that it’s been in since the new year. Besides the spike to a dollar and a half mid month it’s been below that channel since. My original trade plan back end February was to buy at 1.26 and watch it goto three bucks so needless to say, the plan is gong splendidly.
The spike led into a bull triangle in yellow, in which I thought it would drop a little farther to the next res/sup zone of buck one, but the good news yesterday gave it the shot up out of the triangle.
I’ve added a green trend line that seems to be forming in the higher lows. The 4hr MacD looks to be neutral and I’ve just checked the 1 and 2 hr MacD’s which both have dot positive green. The daily MacD is also arcing upwards to positive green.
All good signs so I think it will follow the green trend line as it climbs the res/sup zones until its in the clear area with no lines or zones, bye bye.
My thoughts, not advice Oklah. Cheers
The spike led into a bull triangle in yellow, in which I thought it would drop a little farther to the next res/sup zone of buck one, but the good news yesterday gave it the shot up out of the triangle.
I’ve added a green trend line that seems to be forming in the higher lows. The 4hr MacD looks to be neutral and I’ve just checked the 1 and 2 hr MacD’s which both have dot positive green. The daily MacD is also arcing upwards to positive green.
All good signs so I think it will follow the green trend line as it climbs the res/sup zones until its in the clear area with no lines or zones, bye bye.
My thoughts, not advice Oklah. Cheers
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