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Cardano / Bitcoin
Long
Updated

Cardano breaking out of its Adam and Eve double bottom

478
Cardano ADA is breaking out of its A&E double bottom with a target of 2800 sats. As long as BTC continues its markup from its most recent accumulation trading range, I expect ADA and other alts to continue to rise during BTC consolidation periods.
Trade active
Throwback to the neckline in progress. If this neckline holds, it's pretty strong confirmation of this AE db.
Trade closed: stop reached
a break of the neckline on high volume and a subsequent rejection of the neckline concludes this A&E as invalid.
happytrader138
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ADAADABTCBTCBTCUSDChart PatternsTrend Analysis

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ADAADABTCBTCBTCUSDChart PatternsTrend Analysis
happytrader138
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Related publications

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.