ADAUSD - Cardano teasing a breakout of an ascending triangle

3 thg 5, 2021

Cardano's 4h chart keeps testing resistance of the local 4h ascending triangle. Looks like it won't take much to break to the upside at this point, which would bring us back to the apex of the major ascending triangle again.

15 thg 5, 2021

Ghi chú

Cardano blew through my first target of $2.06, well on its way to Target 2 at $2.50. That price target coincides with fib levels across multiple time frames, so it's a likely price point for a local top before a medium term consolidation.