Cardano bullish scenario: 3 bullish indicators
While we've obviously been in a bear trend for the past weeks, Cardano might be indicating that a reversal is imminent.
Here are the three patterns/ indicators I am closely watching:
1- Falling wedge: reversal pattern, theoretical target at the beginning of the pattern
2- Inverted head and shoulders: work the same way as a regular head and shoulders
3- 9/30 cross strategy: While everybody is busy telling you about how amazing MA\EMA golden and death cross are, this trading setup that not everybody knows about can be quite relevant when you need to find an entry point. the principle is the same but instead of using two EMA or MA (a short and long one), this strategy uses a 9 EMA and a 30 WMA .
Here are the three patterns/ indicators I am closely watching:
1- Falling wedge: reversal pattern, theoretical target at the beginning of the pattern
2- Inverted head and shoulders: work the same way as a regular head and shoulders
3- 9/30 cross strategy: While everybody is busy telling you about how amazing MA\EMA golden and death cross are, this trading setup that not everybody knows about can be quite relevant when you need to find an entry point. the principle is the same but instead of using two EMA or MA (a short and long one), this strategy uses a 9 EMA and a 30 WMA .
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