ADA has been trading in downtrend for about 4 months. The price is 55% lower from its ATH .
In the last weeks ADA has been forming a falling wedge . Falling wedge are bullish patterns that usually indicate potential trend reversal.
In case of breaking up and confirming, It could mean the start of an uptrend for Cardano .
Fake breakouts happen often, that is why we are waiting for a couple of candles closing above the upper trendline as confirmation.
Trade safe!
In the last weeks ADA has been forming a falling wedge . Falling wedge are bullish patterns that usually indicate potential trend reversal.
In case of breaking up and confirming, It could mean the start of an uptrend for Cardano .
Fake breakouts happen often, that is why we are waiting for a couple of candles closing above the upper trendline as confirmation.
Trade safe!
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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.
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.