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Cardano
Updated

If ADA flips the 200ma to solidified support next target = $1.13

1177
Subject says it all.. I kept some of the previous channels’ trendlines on the chart just n case we see any sort of correction as potential supports. WIll like previous Cardano chart with pattern whose target just got hit below.. *not financial advice*
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‘D say it’s pretty reasonable to assume at this point th invh&s breakout has been confirmed. Always a chance at a big fakeout I suppose but fairly low probability at this point.
Note
Target hit!
Trade closed: target reached
Note
should cardano correct here, it will simply be forming another bigger inverse head and shoulders pattern.
DrDovetail
1daychartadausdcardanoChart PatternsDaily ChartsTechnical IndicatorsInverse Head and ShouldersTrend Analysis

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1daychartadausdcardanoChart PatternsDaily ChartsTechnical IndicatorsInverse Head and ShouldersTrend Analysis
DrDovetail

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.