Cardano
Long

ADA double bottom, false breakout, symmetrical triangle!

670
Hello traders,

We are looking at the 1 hour graph of ADA.

As we can see, the graph is forming a double bottom within a symmetrical triangle. Which could signal a reversal.

Furthermore. The power of a double top / bottom can be intense. However, in terms of reliability, more value is generally attached to a head-shoulder formation.

Remember traders, no model is perfect. Fortunately, otherwise there would be no market.

This is not financial advice, I am not an financial advisor.

Make sure that your decision is the product of your own conclusion.

Leave a comment

Thanks.

(my previous analysis were uploaded with private tag, lol)

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.