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
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.