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CARDANO Expect the bullish price action to continue
Cardano
Long
CARDANO Expect the bullish price action to continue
By jojofang0901
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Updated
Aug 11, 2021
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Aug 7, 2021
Hi traders:
Here on ADAUSD, we can see some noticeable bullish price action in the making.
After the bearish move down across the crypto market, price begin to correct and form a HTF structure.
We can see price made several attempt to break below the $1 mark, but fail to continue lower.
When then see a clear double bottoms within the HTF structure, and a bullish reversal impulse up, breaking above the structure.
Now that the price has formed a right shoulder, inverse H and S pattern reversal, good sign of further upside.
Watch for some clear bullish continuation correction on the LTF and expect to push the price up the previous swing highs.
thank you
Aug 10, 2021
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Aug 11, 2021
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ADA
candano
Chart Patterns
correction
crypto
Flag
impulse
Parallel Channel
pattern
priceaction
structure
jojofang0901
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