Cardano is in a descending triangle formation with distinctive waves. The sub-triangles have operated as microcosms of the larger triangle suggesting that when the pattern ends, which must be soon, a large move to the upside could occur - perhaps coinciding with Cardano's listing on Coinbase and the expected achievement of key milestones in Fall 2018 that should put it in a position to take advantage of Ethereum's technological and security setbacks by mid 2019.
A descending triangle can be bearish or bullish, however, and for a variety of reasons, a break to the downside is possible too. The flat base suggests an upside break is more likely, but it is not guaranteed.
A descending triangle can be bearish or bullish, however, and for a variety of reasons, a break to the downside is possible too. The flat base suggests an upside break is more likely, but it is not guaranteed.
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