Cardano might achieve a 100% rebound if this pattern holds true: details CardanoADA ADA CardanoCommunity
The"Cup and Handle" pattern is a bullish pattern that resembles a cup with a handle, where the cup is in the shape of a"u" and the handle has a slight downward drift. The consolidation period is captured within the handle, which is usually followed by a breakout. The target for the cup-and-handle formation is the height of the cup, plus the breakout point of the handle.
For this pattern to gain strength, Cardano bulls might need to squash the horizontal barrier near the daily MA 50 at $0.85. Above that, another barrier is located at the daily MA 200 at $1.19. Rising above these constraints might imply a 100% rally for the eighth largest cryptocurrency, Cardano.Cardano recently found support for declines near the $0.39 level.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LASD operation leads to 100 marijuana arrests in Antelope ValleyA recent operation from the department's 'Marijuana Eradication Team' resulted in more than 100 rests and the destruction of nearly 15,000 pounds of weed.
Read more »
Ohio Roads: 100 mph-plus speeding continues even as traffic volume back to normalDuring the pandemic, Ohio drivers put the pedal to the metal on largely empty roads. But as traffic volumes return to normal, speeding hasn't stopped.
Read more »
Travis Scott's Cactus Jack Foundation Awards $1M to 100 Black StudentsTravis Scott's non-profit organization Cactus Jack Foundation has awarded $1 million in scholarship aid to 100 graduating seniors from 38 Historically Black Colleges and Universities (HBCUs).
Read more »
'100% targeted': Teen critically injured in drive-by shooting near his school, police sayA 16-year-old is fighting for his life after police said he was shot multiple times Monday afternoon in Philadelphia. No arrests have been reported.
Read more »
For 13th consecutive year, Chicago charter school announces 100% of seniors heading to collegeFor the thirteenth consecutive year, the entire senior class of one Chicago charter school is heading to college.
Read more »
Climate change is making record heatwaves in India and Pakistan 100 times more likelyClimate change has made the odds of a record-breaking heatwave hitting northwestern India and Pakistan 100 times more likely to happen, scientists said Wednesday, as the two countries experience high temperatures that are disrupting daily life
Read more »