ADAUSD is creating price action like back in 2020 and we might see a rally soon.Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%
Levels to watch: $0.42, $0.25
Keep your long term vision,
Philip - BasicTrading
Note
Quick update on Cardano:Let's not be too optimistic and avoid emotional trading. But Cardano is just creating such a strong bullish rejection wick, if Cardano closes like this, we are ready for new all time highs. Monthly close will confirm the break and retest now.
Levels to watch: $0.42
Trade active
Trading update on Cardano (ADAUSD):Click chart above to see the detailed analysis👆🏻
Just two months after I updated this analysis, Cardano is rallying more than 180% within 22 days. This move was totally expected as explained above and hopefully you are also capitalizing on these overall incredible crypto moves. On Cardano however, this is still just the beginning.
Levels to watch: $3.0
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Cardano (ADAUSD):Click chart above to see the detailed analysis👆🏻
After closing the monthly candle of November with an incredible move of more than +215%, Cardano is clearly heading for new all time highs. Bulls are totally in control of this cryptocurrency and although it might be smart to actually take first partials, such strong momentum will not end any time soon.
Levels to watch: $3.0
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.