Cardano ready for 80% push after breaking sideways range!
Cardano (ADA). One of the majors finally breaking a massive range after 6-months of sideways continuation.
Usually, these accumulation ranges indicate a bottom, especially when they make such a scamwick as Cardano did a few weeks back.
How is this setup defined?
Well, the major resistance was 535-550 satoshis. That’s broken to the upside.
A retest of this green zone would be a great entry and confirmation of the breakout of this range. Holding that green zone and we’re targeting the following levels;
- 650 satoshis
- 860 satoshis
- 1000 satoshis
Clear invalidation with higher timeframe close below 525.
Usually, these accumulation ranges indicate a bottom, especially when they make such a scamwick as Cardano did a few weeks back.
How is this setup defined?
Well, the major resistance was 535-550 satoshis. That’s broken to the upside.
A retest of this green zone would be a great entry and confirmation of the breakout of this range. Holding that green zone and we’re targeting the following levels;
- 650 satoshis
- 860 satoshis
- 1000 satoshis
Clear invalidation with higher timeframe close below 525.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.