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.

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.

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

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

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)