ADA Cardano possible breakout
here we see a Inverse Head and shoulders with a defined neckline. a move up twards th ascending trendline, and the 1,414 fib line seems in play. ADA is already clear of the 8/21ema and all SMAs. MACD supports a buy, as well as RSI not yet being overbought. bullish short term here, if we can break and hold $.137 a longer term breakout on weekly/monthly could be in store. lets see how it plays out. thanks!
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.