Long

Cardano - Repeating the +3.000% bullish cycle!

Updated

is creating price action like back in 2020 and we might see a rally soon.

Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%

Levels to watch: $0.42, $0.25

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on Cardano:

Let's not be too optimistic and avoid emotional trading. But Cardano is just creating such a strong bullish rejection wick, if Cardano closes like this, we are ready for new all time highs. Monthly close will confirm the break and retest now.

Levels to watch: $0.42

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