Cardano (ADAUSD)

[ap17]

Cardano's breakthrough remains successful On Sept. 4, ADA finally broke through the local resistance level on the ADA/BTC pair,

marking a potential reversal against the first cryptocurrency. The breakthrough of the ascending triangle was a mandatory condition for the continuation of ADA's growth on the market. In addition to breaking through the pattern's resistance level, Cardano has also moved past the 200- and 50-day moving averages that usually act as a strong barrier for any assets in a downtrend. Source: TradingView If ADA keeps the same growth pace for another few days, the market will most likely see the appearance of an important bullish signal - the cross between the 200- and the 50-day moving average, one of the strongest reversal signals for any kind of asset. Considering the lack of growth factors for Bitcoin and the decreasing dominance of the digital gold, Cardano can in fact rally further against Bitcoin without the general recovery of the cryptocurrency market.

Read more on U.Today https://u.today/cardano-ada-aiming-at-new-highs-following-breakout-crypto-market-review-september-8
https://u.today/cardano-ada-aiming-at-new-highs-following-breakout-crypto-market-review-september-8