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Cardano is repeating the same pattern that led to the last retracement at the start of April. The Timings of the waves are almost exactly the same in the lead up (3 days up, 9 days down, 5 days up, followed by a week of contracting highs and lows before a break out).
We're currently just after the 9 days down and I expect that we'll see the price climb over the ...
- Structure: Sideway
- Double top and bottom
- The pirce closed above support
--> Given double bullish candle
- Minor trend: Downtrend is broken.
- Higher high forming
- The price is pullback
--> Given signal Buy
On the daily chart of ADAUSD, the price is about to start a new bullish trend after Awesome Oscillator indicator divergence. Also, a buy signal is forming - "AO Cross".