The Cardano / US Dollar has completed a very strong bullish setup lets have a look on priceline's move.
On week chart the price action has formed a perfect bullish Shark pattern after initial X to A leg the A to B leg is retraced upto 0.618 Fibonacci then A to B leg has a projection upto 1.13 Fibonacci which has formed the C leg then C to D leg is moved between 0.886 up to 1.13 Fibonacci and this leg has completed the Shark formation.
Stochastic has given bul cross from oversold zone and MACD has turned weak bearish from strong bearish indicating that bulls are taking over.
The ichimoku cloud turned weak bearish and signaling a bullish move soon.
Price action is likely to form a double bottom and Volume profile is very weak interest of traders below this bottom.
I have applied Fibonacci sequence method to define the targets as below:
Buy between: 0.04315 to 0.02760
Sell between: 0.05788 to 0.08991
Atif Akbar (moon333)