hello guys.
Rising Wedge Pattern: Cardano is currently forming a rising wedge, a pattern that often suggests a potential bearish reversal after an uptrend.
Resistance Levels: Key resistance at 0.7021, where price may face selling pressure if approached.
Support Zones: Immediate support at the lower boundary of the wedge. A breakdown here could signal a pullback toward the lower range around 0.6039 or deeper, to the 0.5193 support level.
Potential Scenarios: If ADA breaks above resistance, it could attempt a further rally toward 0.7800. A rejection, however, may initiate a downside move within or below the wedge pattern.
Next Steps: Monitor the price action at key resistance and support levels for breakout or breakdown signals, with a focus on volume for confirmation.
Rising Wedge Pattern: Cardano is currently forming a rising wedge, a pattern that often suggests a potential bearish reversal after an uptrend.
Resistance Levels: Key resistance at 0.7021, where price may face selling pressure if approached.
Support Zones: Immediate support at the lower boundary of the wedge. A breakdown here could signal a pullback toward the lower range around 0.6039 or deeper, to the 0.5193 support level.
Potential Scenarios: If ADA breaks above resistance, it could attempt a further rally toward 0.7800. A rejection, however, may initiate a downside move within or below the wedge pattern.
Next Steps: Monitor the price action at key resistance and support levels for breakout or breakdown signals, with a focus on volume for confirmation.
İşlem kapandı: hedefe ulaştı
the target of the long position is hit!#ada #cardano
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.