Cardano Head & Shoulders Pattern?

Cardano (ADABTC) prints the Head & Shoulder pattern, this pattern normally comes at the end of a downtrend and can signal a bottom, meaning that a bullish breakout can happen next.

Prices are shy above EMA10 with low volume and bullish indicators.

• The pattern is bullish.
  
• Prices above EMA10 is also bullish.
  
• And the MACD and RSI are strong.
  

But when we look at the trading volume the bars are really small... This is a bad sign but things can surely change as today is Saturday.

Prices for ADABTC can continue slowly creeping up until a strong green candle shows up.

Conditions for change
If EMA50 (0.00000498) can't be conquered right away, we can expect a drop before the jump. The blue dashed line is where we found support.

Additional details can be found on the chart.

Thanks a lot for reading.

Namaste.

Kommentera:

TARGET:

1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)

Kommentera:

TARGET:

1) 0.00000510 |Hit 23-Apr. (+14%)
2) 0.00000580 |Hit 23-Apr. (+29%)
3) 0.00000630 |Hit 28-Apr. (+41%)
4) 0.00000690 |Hit 28-May (+54%)
5) 0.00000785 |Hit 30-May (+75%)
6) 0.00000875 |Hit 31-May (+95%)