CARDANO- Does the update have a bull effect?
Hi everyone
As the news for the new hard fork for CARDANO booming, we can see a pattern on the exact opposite of the news.You may argue with a bull flag pattern or volume and you might be right but a bull flag with accumulation around 50 bars??
For now we have a HH MTR pattern with low risk and high reward, resistance level is 0.69$ and our support levels are 0.6$ and 0.55.The price may reach the resistance and activate the pattern there, but if it crosses that line we may have a good way up.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
As the news for the new hard fork for CARDANO booming, we can see a pattern on the exact opposite of the news.You may argue with a bull flag pattern or volume and you might be right but a bull flag with accumulation around 50 bars??
For now we have a HH MTR pattern with low risk and high reward, resistance level is 0.69$ and our support levels are 0.6$ and 0.55.The price may reach the resistance and activate the pattern there, but if it crosses that line we may have a good way up.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
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