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Cardano / TetherUS
Long
Updated

Cardano Descending Broadening Wedge Pattern

631
Cardano is a large cap that I'm super bullish and interested in but has not seen the same growth as DOT and LINK so far. I do believe ADA will have it's time soon, but as you can see we are currently in a bullish falling broadening wedge pattern. I do not expect us to test the bottom trend line and will be expecting a break upwards. First target is 0.35 (the blue line) but am expecting it to go much higher. Will be accumulating in this zone and open a long once we break above the wedge and retest.
Note
snapshot We broke up very cleanly on the hourly candle. Looking to either test the blue resistance line or pullback and retest the wedge line.
Note
snapshot Multiple tests on the blue line before a nice green candle upwards
level30nick
Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
level30nick

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.