I'm amazed by the fact that Cardano still seems to have buying pressure after the huge bull run. RSI doesn't show weakness, there's still a green Kumo cloud and tenkan line/TK cross is still looking bullish. I see an ascending triangle and that might be the catalyst for a bullish breakout. I say bullish cause it doesn't look like it's gonna be in a downtrend anytime soon.
Yorum:
Dismiss the lines I drew there, they do not represent the situation anymore.
This gives a better view of what's happening. It's between two support/resistance lines. I'm not too sure if it's gonna break out soon with bitcoin having volatile moves.