Cardano has been moving exactly as we expected for the last few months. We got in on that massive buy once we identified the parabolic curve late July.
In one of our recent posts we mentioned that price wasn't ready to break higher. We can now see a bullish pattern developing which indicates to us that Cardano is now getting ready to move higher!
Watch for the falling wedge pattern to complete and get in when wave E finishes. This could be setting Cardano up for all time highs!
In the meantime we can capitalise on shorts from the 0.5 fibonacci level. On lower timeframe monitor for bearish price action and ride the wave down to atleast 1.9 and then get ready for the big buy to all time highs!
See linked chart for our previous Cardano analysis.
In one of our recent posts we mentioned that price wasn't ready to break higher. We can now see a bullish pattern developing which indicates to us that Cardano is now getting ready to move higher!
Watch for the falling wedge pattern to complete and get in when wave E finishes. This could be setting Cardano up for all time highs!
In the meantime we can capitalise on shorts from the 0.5 fibonacci level. On lower timeframe monitor for bearish price action and ride the wave down to atleast 1.9 and then get ready for the big buy to all time highs!
See linked chart for our previous Cardano analysis.
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