A Breakout For Cardano

in #cryptocurrency6 years ago

Hey Steemians,

I have been a true believer in the Cardano project since its inception, and am still from the bottom of my being an avid supporter of the vision that Charles Hoskinson and the team of Cardano and IOHK has in regards to creating change in 3rd world countries through the use of Blockchain.

And... it seems like we're hopefully about to enter an upward trend for Cardano after a rather horisontal pattern that begun on October 2nd. I hope the dark times of the current price trends is about to come to an end, or atleast, the beginning of the end.

Car.png
Image source

Pulled this graph from TradingView showing the latest breakout. I'm using the 1 hour chart.

Cardnao Breakout.png
Image source

I must admit that I was worried that this breakout would have chosen the downwards path, since the horisontal trend took shape. Even though this is the beginning of a new upwards trend, hopefully.. I remain skeptical considering the movements we have seen throughout this year within the market in general.

Am I biting too hard into this one or could there be something about it?

"Wisdom begins in wonder" - Socrates
Twitter: https://twitter.com/SamTheAtomicOwl

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