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.
Let’s see how this plays out.
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.
👉 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.