Today news
About the same in other media
Cardano: ADA price eyes 30% rally with a potential 'triple bottom' setup
Reading now: 134
Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern.
Dubbed "triple bottom," the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers' inability to break below a specific support level on three back-to-back attempts, which ultimately paves the way for buyers to take over.
In a perfect scenario, the return of buyers to the market allows the instrument to retrace sharply towards a higher level, called "neckline," that connects the highs of the previous two rebounds. The move follows up with another breakout, this time taking the price higher by as much as the distance
Read more on cointelegraph.comAbout this in other media
Cardano, MANA, VeChain Price Analysis: 23 December ambcrypto.com /2 years ago
Meet IMCO, the new private equity firm with $6bn and UK targets on its ‘to-do list’ fnlondon.com /2 years ago
Bitcoin ETFs in Europe & Canada Remain Popular Even With US ETFs Widely Available cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
