hello folks ,
as you can see in the chart, we are inside this blue symmetrical triangle, getting closer to the apex , with decreasing volume, I expect to se the brake soon.
it is a continuation pattern, so we have the major % to see it broke to the upside, but we have to consider that the btc is leading the cryptospace,
so I would expect to see a breaking up, only if btc can stand above 48k demonstrating stability and strength we consider that the btc pattern is not yet clear it could be looking for a lower high.
-I would like to so volume coming in at the moment of the breaking.
-the recent big positive news on cardano's technological advances could help in the bullish push
-if we break bullish, we could find resistance in the marked area, everything will depend on the behavior of btc, i don't think we will see new highs if btc does not show strength
-we consider that also the change adabtc could have found the low in its pattern and therefore has to recover
I don't want to talk about the bearish break, however it's all in the chart
this is not a financial advice, just my considerations.
be prepared
thanks a warm greeting
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.