On the chart of Cardano (Ada) we can see a descending triangle has appeared on 1h timeframe.
A descending triangle is a bearish chart pattern. Once the price breaks down of the support it is really likely that the price will dropp.
Profits can be taken when the price approaches the support area.
All further details are shown on the chart.
Goodluck!
A descending triangle is a bearish chart pattern. Once the price breaks down of the support it is really likely that the price will dropp.
Profits can be taken when the price approaches the support area.
All further details are shown on the chart.
Goodluck!
Order cancelled
The trade cancelled (no position taken) as the price chose north.
💥 Free signals and ideas ➡ t.me/vfinvestment
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
Related publications
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.