Hi.
Cardano is forming a reverse H&S, Which is a reversal pattern (Bullish). The price has to break the neckline (around 1340 Satoshi) and close above it for the confirmation.
Beside the neckline, there is another important resistance around the 1340 Satoshi, the EMA200.
Another bull sign is that the EMA50 is crossing EMA100 upward.
For now, we may have a little retrace, but the resistance will be broken soon.
Cardano is forming a reverse H&S, Which is a reversal pattern (Bullish). The price has to break the neckline (around 1340 Satoshi) and close above it for the confirmation.
Beside the neckline, there is another important resistance around the 1340 Satoshi, the EMA200.
Another bull sign is that the EMA50 is crossing EMA100 upward.
For now, we may have a little retrace, but the resistance will be broken soon.