RATE Group | Insanely Bullish Harmonic Pattern On Cardano’s (ADA) Chart
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Insanely Bullish Harmonic Pattern On Cardano’s (ADA) Chart

01 Dec Insanely Bullish Harmonic Pattern On Cardano’s (ADA) Chart

Posted at 17:50h in Cryptocurrency News by

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A rare and powerful bullish pattern is confirmed on Cardano’s (ADA) weekly chart.

Primary time cycles culminate soon for Cardano.

The Bullish Shark

Cardano (ADA)

The bullish shark is the newest of Scott Carney’s harmonic patterns. I’ve never gotten used to it yet. It’s a pattern that relies on the extremely powerful 88.6% Fibonacci retracement. It is different from all of the other M and W patterns. But it’s just as powerful as all of the other harmonic patterns – and I’ve read anecdotal reports that this is one of the most potent harmonic patterns in Carney’s arsenal. This pattern is now present on Cardano’s (ADA) weekly chart (above). Harmonic patterns themselves are not a sufficient form of analysis for identifying turns in the markets – although if there were one form of technical analysis that could stand alone, harmonic patterns would probably be the…

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