IH&S on ADA daily
Updated
ADA / USD (trading view) on daily chart.
Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart.
Good luck! NFA
Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart.
Good luck! NFA
Trade closed: stop reached
Failed breakout
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