CardanoLong
ADA/USD massive cup and handle, new ATH
Cardano's C&H has been forming since 2017 and is very reminiscent of that of silver (albeit ADA on much shorter timeframe).
Its handle, a parallel channel inside of an arc, just broke to the upside and as long as it stays within the handle arc, it's game on.
Target zones illustrated in the chart indicate that we should reach new ATH of about $6, or possibly $15-20.
As outlandish as it may seem, follow the arc and as long as we're in it or target zones reached, we're long.
We're also above a thick volume defined zone.
Its handle, a parallel channel inside of an arc, just broke to the upside and as long as it stays within the handle arc, it's game on.
Target zones illustrated in the chart indicate that we should reach new ATH of about $6, or possibly $15-20.
As outlandish as it may seem, follow the arc and as long as we're in it or target zones reached, we're long.
We're also above a thick volume defined zone.
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.