Potential rising triangle on Cardano (ADA)
As shown in the chart, we're technically within a rising triangle on Cardano. Another test of the trendline would be an ideal entry, with low risk and a tight stop. With low risk and high reward, the potential is nice, however my plan is to take a small position here and add on a breakout should we get it. Altcoins as a whole are still in a bear market vs Bitcoin, and it's important to manage risk with this in mind. As always, I'll be taking this trade on Bitmex (ADAZ19 contract), so my entry may look a little different. This chart is provided for context.
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