ADAU19 Breaks Out Of Descending Channel (Where To Next?)

Cardano (ADAU19) just broke out of a descending channel and it is now showing increasing volume and a break above EMA10 on this timeframe.

A close above this level, EMA10, and it's the turn for the bulls to move the price.

After a double bottom, signs are showing that ADAU19 wants to move up.

Targets and stop-loss are marked on the chart
This is not financial advice.

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Previous Cardano (ADAU19) trade with over 66.66% ROE generated.
See it here:

Namaste.

Commentaire:

ADAU19 moved back into the channel and closed below EMA10.
It will need additional time to bounce.