Cardano
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ADA Reaccumulation Schematic 19/08/2021

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Technicals:
  • Heavy accumulation inside the range, shown by VPVR - with a strong profile at support/creek.
  • Each touch of the creek spiked in volume.
  • Volume is continually growing on this current upwards push since mid July.
  • Descending triangle broke upwards.
  • Double bullish divergence on RSI.
  • RSI is trending in the bullish control zone, with possibility of maintaining "overbought" levels on breakout.


A break up from the spike may trigger strong price discovery, given the nature of this reaccumulation. Realistic targets: $3.5, $5, $10.
Nota
Probable test of previous ATH on this correction now.
Nota
Previous ATH test incoming? Stay tuned.
Nota
Currently looking like a double top on H4, stay cautious.
Nota
syot kilat Breakout and retest of the ascending triangle, ready for next leg maybe?
Nota
syot kilat Ascending triangle structure broken, however price structure is still there; higher highs and lows.

Penafian

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