CARDANO about to rally repeating this Cup & Handle of the past?

23 set 2021

ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line).

This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern was formed twice since the COVID market crash, 1) In August - December 2020 and 2) In February June 2020.

Both patterns held the Handle above the 1D MA100 and a parabolic rally followed straight after. Are we about to witness the same rally on Cardano? What do you think?



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