Cardano (
ADA) Analysis:
Cardano (ADA) shows potential for a retracement to the highlighted support zone near 0.786 Fibonacci level. This could create a false breakout opportunity before resuming its upward trend. Key targets for ADA are 1.1563 (T1), 1.3658 (T2), and 1.5403 (T3). Entry is ideal near the support zone with confirmation of reversal, aiming for a strong bullish continuation. Traders should closely monitor price action and manage risk with stop-loss below the support zone to capitalize on ADA potential upside.
ADA) Analysis:Cardano (
ADA) shows potential for a retracement to the highlighted support zone near 0.786 Fibonacci level. This could create a false breakout opportunity before resuming its upward trend. Key targets for ADA are 1.1563 (T1), 1.3658 (T2), and 1.5403 (T3). Entry is ideal near the support zone with confirmation of reversal, aiming for a strong bullish continuation. Traders should closely monitor price action and manage risk with stop-loss below the support zone to capitalize on ADA potential upside.
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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.