Axios20
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since Aug 27, 2020
ascendingbroadeningwedge
cardano
chartpattern
cryptocurrency
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Cardano appears to be forming a bullish megaphone pattern, similar to the one Bitcoin formed earlier during it's current run. You can see from my chart that we have broken through the blue symmetrical triangle and currently testing the upper trend line of the red ascending triangle. Once these breakouts are confirmed this should propel Cardano to the upper trend...
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Inverse Head and shoulders identified on 1 week timeframe with breakout target of 30 cents. This could signify the start of the alt coin rally as bitcoin settles amongst the 20 day MA. This move will be similar to the move of Cardano from the 28th of may to the summer highs of 15.5 cents. A significant retracement will be expected but will this happen in...
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