Cardano has formed a bullish Shark pattern and ready to hit 9 cents soon | Up to 225% expected
Cardano has formed a bullish Shark pattern and ready to hit 9 cents soon | Up to 225% expected

By moon333 | moon333 | 26 Oct 2019


The Cardano / US Dollar has completed a very strong bullish setup lets have a look on priceline's move.

 

351665157-d8ecc010369b8fda33817d3ec28b074a6dd59ed3b09a722e34de3f3b1a86f57f.png

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.

 

 

351665157-ec61c365f3f4d9dab835023f2ae9be79f40f14bffd9c8f89a65e617b778f59db.png

https://www.tradingview.com/x/KNKOWySm/

Stochastic has given bul cross from oversold zone and MACD has turned weak bearish from strong bearish indicating that bulls are taking over.

 

351665157-a59aba3b3c0764340438fe7bd35f3423a0a435a7c91a8d18e71784c3b622b16d.png

https://www.tradingview.com/x/1ivoimEQ/

The ichimoku cloud turned weak bearish and signaling a bullish move soon.

 

 

 

351665157-fcbf7e63d948c03a9446050780f311d689e0f859bdd106cab15bd727b4b24c6b.png

https://www.tradingview.com/x/Ykv6gsYd/

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

Regards,
Atif Akbar (moon333)

 

 


moon333
moon333

Hi, My name is Atif Akbar and I share my charts about different assets as username moon333, you can find me most of the times among top authors on tradingview


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.