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Symmetric triangles are a well known pattern, in which price forms lower highs and higher lows following two sloping trend lines that eventually intersect. According to Bulkowski identification guidelines, we should be looking for -duration of 3 weeks minimum -volume decreasing throughout formation -price touching both sides of the formation boundaries several...
Watching closely. Could see a move back to highs if we break from this consolidation. Seen similar patterns on SOLEUR for example over the last few weeks.
Showing the my buy level of cardano. Chart is ADAEUR, not USD
Possible targets for ADA for the next 3-4 months, based on FIB extension with fractals. Early Jan 2022 - FIB 2.618: €5,55 (~$6,46) Late Feb 2022 - FIB 3.618: €7,36 (~$8,57) Assuming the bull market cycle extends into Q1 2022
Cardado presents a decent risk reward ratio before doing any ath, good point to take partials and let the wave run
Let's see if we will be able to buy it cheaper. Although there is a chance we won't get such cheap prices I think we may see the continuation of the correction in ADA. If BTC drops we may be able to buy ADA for cheap (1.4 € or even at or below 1€)
There is a huge triangle forming on a high timeframe. Will there be a breakout in a very shirt time?
I've annotated the idea that maybe the pink dotted lines may indicate a couple of points of volatility in the near future. Watch this space.
I'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
Namaste. Just my thoughts on this market. A friend asked for this chart so here it is. Keep in mind that this is not an advice. It is merely my thoughts on this market. Stay safe.
Cardano (ADA) is forming a cup with handle, this could be the next big move.
Cardano had that bounce up from 1.60 and we saw high 1.90's today i expected a small pullback and then a continuation of higher highs to follow.
The chart speaks by itself... what if it follows the 30d trend of a market correction.
Based on the data on the last months push and this months correction. I have placed my bets that cardano will go back to restest 1.60 and then continue its upward move back to all time high and then to newer highs.
ADA Euro daily chart. Waiting to see if support holds or not..
This is my prediction for ADA for the ongoing hours, seems it fails and continue the downtrend and it will fall under 1.90 Euro. For me that's a a buy signal, but if ADA doesnt get up on its feet like other alts, then thats going to be an issue, Smart contacts will elevate the price if successful. Will see.