CardanoLong
Cardano ADAUSD Bullish Outlook
Updated
Cardano is consolidating withing an ascending triangle pattern, with a price target of around 0.05$ in the near term. This pattern will be confirmed with a breakout in price and volume to the upside (resistance level between 0.036$~0.037$).
This is not financial advise, it's just my own opinion.
I also like to keep track of my trading ideas.
This is not financial advise, it's just my own opinion.
I also like to keep track of my trading ideas.
Trade active
This trade is very much in place, the target for the triangle is 0.05$, but it could move higher. The volume is not very high, I'd like to see a little bit more volume going up. Also, for the move to be sustained higher in the short term I would not like to see a daily candle close below the 200 MA (around 0.041USD) or the 0.04USD level.
Not financial advise, just my own opinion.
Stay safe!
Trade closed: target reached
Target reached
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.