Cardano's just broken out of it's descending channel again, the first time this happened a few months back we pretty quickly returned back within and continued ranging; there's been a few wicks out since then but nothing dramatic or significant.
But now we have a fresh breakout and so far it doesn't look like it's being rejected - this could mean gains up to the next level of resistance at almost 10% above the current price.
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But now we have a fresh breakout and so far it doesn't look like it's being rejected - this could mean gains up to the next level of resistance at almost 10% above the current price.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Note
Well, that's what we call horizontal movement. We came close to the first TP level but not quite there yet!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.