Cardano has been one of the most impressive cryptocurrencies this recent bull run. We posted a perfect set up when price was at around the 1.26 level. Price moved up over 100%!
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
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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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.