Lately Cardano has been consolidating after a great run up. Cardano does not correct much pricewise, it rather corrects timewise. This is now third consolidation period after the steeper bull run started in November. During the two previous consolidation there seems to be a trendline formed that has lead the price through the resistance zone above. Now the price has hit the trendline and started to follow it upwards. It is possible that the trendline could do the job for the third time.
Please note, however, that this time breaking the resistance means a new ATH is formed. Therefore, the breakout could require several attempts.
Trade safe and take care
Cheers
Whoop
Please note, however, that this time breaking the resistance means a new ATH is formed. Therefore, the breakout could require several attempts.
Trade safe and take care
Cheers
Whoop