Cardanos coming to the end of a Daily Triangle Pattern.
At this point Cardano has seen a lot of play around the .5 Fib that I'd wait for a close at or above 2.06 before entering trade even if price breaks through upper trendline Most bullish scenario would see cardano breaking the .5 Fib level along with the 50 EMA at 2.12 MACD divergence above signal line may also signal bullish trend. RSI remains below 50.
Target 4 unlikely with such a high market cap but I guess you never know in this market ¯\_("-")_/¯
Failure to push past the .5 Fib level invalidates bullish trend and I'd wait to see a close above the .5 Fib or below the 1.91 bottom trendline before deciding on entry.
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.