What's going to occur in cardano and we're going to talk about that on our chart you all the unconfusing way this is our whole purpose improvement that you can actually predict prices without being confused.
We're not going to be a lot of that fear that flood and tell me that ada in this space is going to 100x go all the way up to 1.53 dollar per coin and tell you that everything is going to be fine. we're going to be more realistic in price you see on this price chart it goes up and it also goes up looks to be forming into a pennant pattern could see a breakout soon.
I want you to think about is this really benefiting me technical analysis its really giving me a heads up as to where the price is going to go because if not why would you use it we need something that would help us that would assist us into seeing where price is going to go you see couple of things going on in this market.
You have a ascending line which creates that pattern formation and you have other lines. if pob was to come all the way up to this next 15 days. the value of that currency substantially and you see market looks to be formulated to what technical traders might call a pending pad.
You created on this price chart it looked like it is a pennant.why would you write might question that second bullet the crypto market is trading above both the average and simply means if price trades above those other days that the market is is bullish because many analysts uses moving averages as support prices to where price can break itself up there and you see is nearly close to that 30 days.
The market is likely bullish both of these moving averages are places where the price find support you see these first three bullets traders might call a simple pattern and then moving averages are places
Where price find support no guarantees these are the key levels to watch according to market situation the pending pattern looks to be nearing the end of a pattern soon depending patterns happens after the price is condensed between narrowing highs and lows until the price breaks.