Cardano Forming Potential Reversal Structure Inside Triangle

5 Tem

Hello guys!

Cardano’s been stuck inside this big descending triangle for months. We had a fake breakout a while back that totally failed.

Now, price is back at support and showing bullish divergence. That’s usually a sign sellers are getting tired.

If buyers step in here, I’m expecting a move back up toward 0.67–0.70 (top of the triangle). But if it loses the 0.53 support, that setup’s off the table.

• Bias: Leaning bullish
  
• 🎯 Target: 0.67–0.70
  
• Invalidation: Clean break below 0.53
  

Let’s see how this plays out.

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