CardanoLong
ADA/USDT 66 DAYS ✌
ADA has been consolidating for the past 66 days and has finally broken out of the descending triangle. As seen in previous patterns, ADA almost always repeats the same pattern.
If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside.
Today we are in a very similar position.
In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there.
On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90
Not financial advice.
Goodluck friends 😁
If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside.
Today we are in a very similar position.
In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there.
On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90
Not financial advice.
Goodluck friends 😁
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.