Cardano (ADA) Falling Wedge, Bounce Coming?

٣١ أغسطس ٢٠٢٠

Cardano (ADABTC) is now breaking out of a falling wedge, a classic bullish pattern.

Prices can easily continue higher now that ADABTC is back above EMA10 and EMA50, daily candle closure is needed for confirmation.

On the retrace, support was found around the 0.618 Fib. retracement level, usually a very strong level for a reversal to take place.

We stay bullish above EMA100/EMA10.

Remember to build your own plan before you trade.
Do your own research.

Namaste.