Real nice look here for Cardano, with the 3rd rising valley, and now the 3 bar play, a 3 candle pattern suggesting of bullish continuation.
Given this is the weekly chart, i would put a lot of weight into this and cautiously say, this is where we finally get a real move here.
Daily momentum continues rising with volatility, which is a characteristic of a strong bullish trend underway.
Simultaneously, the daily ADX has begun to rise once again from under the newly Bullish DX cloud. This is the earliest signal that a new bullish trend is technically underway.
If the 3 bar play fails, or fails to close with this weeks candle body engulfing last weeks, id consider that a subtle red flag. Price should not make a new low under this pattern from here on out.
Given this is the weekly chart, i would put a lot of weight into this and cautiously say, this is where we finally get a real move here.
Daily momentum continues rising with volatility, which is a characteristic of a strong bullish trend underway.
Simultaneously, the daily ADX has begun to rise once again from under the newly Bullish DX cloud. This is the earliest signal that a new bullish trend is technically underway.
If the 3 bar play fails, or fails to close with this weeks candle body engulfing last weeks, id consider that a subtle red flag. Price should not make a new low under this pattern from here on out.
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discord.gg/cNr35ahGsx
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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.