at 9.45pm UTC, Cardano will undergo its Alonzo upgrade/hard fork. Price action is not particularly convincing ahead of this milestone.
I see 2 possibilities
1. "Buy the Rumor Sell the News" - An ABC Correction taking us to around $1.90, or
2. Long the Bull Flag, and target weekly close above $3.20, and continuation to $4+.
I'm leaning towards scenario 1 but will sit this one out today.
I see 2 possibilities
1. "Buy the Rumor Sell the News" - An ABC Correction taking us to around $1.90, or
2. Long the Bull Flag, and target weekly close above $3.20, and continuation to $4+.
I'm leaning towards scenario 1 but will sit this one out today.
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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.