Cardano is forming an ascending wedge pattern, a bearish formation that the majority of the time ends in a fall below the support line. For the next few days, we need to consider that the probable outcome.
How do we trade this? 🤔
Consider waiting for one more attempt to break resistance at the top of the wedge around the $0.68 area. A rejection at that level...
Cardano is racing toward the Resistance Zone after a successful break to the upside from last week's bull flag, as predicted in our last analysis. We're getting closer to resistance and the big question is, do we short it?
How do we trade this? 🤔
If you're still in a long from bull flag breakout, good! Don't exit yet as we have not seen a reversal signal. ADA...
