Cardano (ADA) falling wedge and starting a bullish divergence.

ADABTC
BITMEX:ADAH19

ADA formed a perfect falling wedge, obviously a bullish pattern. We are entering the final phase of this movement and the breakup should happen until Feb 16, but before that it is possible that the price touches the bottom of the figure one more time. Already begin to appear bullish divergences in short-term time-frames like 1H and 4H, ADA is a currency with a very interesting project and that usually attracts many investors, with history of sudden movements in the price over the last months. Surely if there is confirmation of a good upward breakout with good volume, we will start a new race with good opportunities to profit in a long.

Watching closely!

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Commentaire:

ADA making a big breakout with a good volume... Lets watch the next "episodes" and maybe we can open a LONG on the pullback.

Ordre annulé:

ADA broken the falling wedge with a good volume some days ago but unfortunately I could not get a good entry into the pullback, however, the price followed the movement expected in the analysis.