Crypto Analysis

Cardano (ADA) Price Analysis: Major Reversal Pattern Formed

Cardano could be due for a huge reversal from its previous long-term slide as an inverse head and shoulders pattern has formed on its 4-hour time frame. Price has yet to break past the neckline resistance at the 0.0500 level to confirm that an uptrend is underway. The chart pattern spans 0.0280 to 0.0500 so the resulting uptrend could be of the same height. The 100 SMA is already above the…
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