jojofang0901

CARDANO Expect the bullish price action to continue

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jojofang0901 已更新   
BINANCE:ADAUSD   Cardano

Hi traders:

Here on ADAUSD, we can see some noticeable bullish price action in the making.

After the bearish move down across the crypto market, price begin to correct and form a HTF structure.

We can see price made several attempt to break below the $1 mark, but fail to continue lower.

When then see a clear double bottoms within the HTF structure, and a bullish reversal impulse up, breaking above the structure.

Now that the price has formed a right shoulder, inverse H and S pattern reversal, good sign of further upside.

Watch for some clear bullish continuation correction on the LTF and expect to push the price up the previous swing highs.

thank you
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