Cardano / TetherUSViés de alta
Symmetrical triangle , consolidation , possible breakout 2,3$ ->
Hello Traders!
- On 4H Cardano price action has traded sideways over the past weeks. After a strong decline in September, a new major swing low was established at $1.90 on the 21st of September, the following reaction set a swing low at $2.46. Since then, both lower highs and higher lows have been seen ( symmetrical triangle validated), indicating that the market is trading in an increasingly tighter range.
Currently, the support area can be seen at around $2.10, while resistance is strong at around $2.30. Earlier this week, a higher high was set above $2.25 previous local high, indicating that the Cardano price action might be preparing to finally break higher. However, until the $2.30 resistance area is not broken, we likely will see further consolidation next week.
- Overall i am bullish on Cardano expecting bulls to accumulated on the demand zone to push the price higher !
Good Luck, Traders!
- On 4H Cardano price action has traded sideways over the past weeks. After a strong decline in September, a new major swing low was established at $1.90 on the 21st of September, the following reaction set a swing low at $2.46. Since then, both lower highs and higher lows have been seen ( symmetrical triangle validated), indicating that the market is trading in an increasingly tighter range.
Currently, the support area can be seen at around $2.10, while resistance is strong at around $2.30. Earlier this week, a higher high was set above $2.25 previous local high, indicating that the Cardano price action might be preparing to finally break higher. However, until the $2.30 resistance area is not broken, we likely will see further consolidation next week.
- Overall i am bullish on Cardano expecting bulls to accumulated on the demand zone to push the price higher !
Good Luck, Traders!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.