After the triangle breakout to the upside, price came straight back down to a daily support creating a double false breakout. This is meant to induce both buyers and sellers. Price seemed to have found support at the 1.00 and 1.20 zone where there is a doji candlestick forming indicating sellers’ exhaustion, however there is still about 8 hrs until the candle closes. Nonetheless, fundamentally speaking, Cardano has great future upside potential in the long run, therefore this is a long term trade.
This shouldn’t be considered financial advise. DYOR
This shouldn’t be considered financial advise. DYOR