Hi everyone
Cardano has been showing strong price action since last month.
even when the most coins are in correction mode it is going to
resist for drop and is hovering over between 1.9$ and 2.1$ most of the time.
at the moment the price is moving around the top line of the channel
in my chart you can see important key area and if the price could manage to break
2.25 again I assume we can expect new ATH very soon.
or it can drop to test our support levels on the chart before new bull run.
so as far as we are above 1.75$ I'm bullish on it, lets see what's next move.
Enjoy the market
Cardano has been showing strong price action since last month.
even when the most coins are in correction mode it is going to
resist for drop and is hovering over between 1.9$ and 2.1$ most of the time.
at the moment the price is moving around the top line of the channel
in my chart you can see important key area and if the price could manage to break
2.25 again I assume we can expect new ATH very soon.
or it can drop to test our support levels on the chart before new bull run.
so as far as we are above 1.75$ I'm bullish on it, lets see what's next move.
Enjoy the market
Trade active
just hit the key resistant level, if it can break the resistance the upward pressure will keep on.Trade active
Exact on the target, just hit the first resistance. we can expect around 2.78$ and 3$ for next targets. lets seeTrade active
if the price could mange to break the last resistant level after some more consolidation moving we can expect new upward pressure.Trade active
target 2.78 hit as expected. lets see if the next target will hit soon or we have correction wave before.Trade active
target 2.9$ on my first chart just hit. based on your trading strategy you can wait for next target but set trailing stop to prevent sudden drop or close part of your position and save some profit.Trade closed: target reached
All targets on the chart hit. trade but not done yet, ADA has potential to move upward more. if do that I expect around 3.3$ to 3.5$ at leastEnjoy that if you followed the idea
Related publications
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.
Related publications
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.