Looking at a retrace to $1.11 area for a double bottom Bullish setup. Watch if this breaks down further. May form a small H&S to fall to $1.00 area. We need to have Cardano maintain and hold a support level above $1.28 to confirm its uptrend. Anything less we're still in a downward slope. Looks like this pullback will indeed hold tho and further higher highs are inevitable either way for THIS week. Good luck and have a great week!
Trade active
Buy signal active on 4 Hr. Just be aware of tops between $1.21-$1.23. May break downwards. If not $1.25-$1.35 are the next targetsTrade closed manually
Looks like we may go further down than $1.11 possible stop .95.Trade closed: target reached
Possible recheck of support @ 96 cents. Stop-loss $1.12
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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.