Cardano [ADA] Potential breakout structure
Hi everyone,
Cardano is currently in a consolidation phase and is forming an important formation with higher lows. When ADA manages to stay within its structural formation and is able to move above the upper-boundary of the bullish ascending triangle then there is a great potential we can complete a bullish breakout. As usual a combination of good volume and right price action is required to confirm this.
Traget point is mapped on the chart.
It is important we manage to stay above the lower grey trendline for this potential breakout structure
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This is not financial advice
Cardano is currently in a consolidation phase and is forming an important formation with higher lows. When ADA manages to stay within its structural formation and is able to move above the upper-boundary of the bullish ascending triangle then there is a great potential we can complete a bullish breakout. As usual a combination of good volume and right price action is required to confirm this.
Traget point is mapped on the chart.
It is important we manage to stay above the lower grey trendline for this potential breakout structure
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
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