Cardano's Road to $1
Cardano's 
ADAUSD Road to $1
ADA had a massive bullish run from $0.25 to a High of $0.68 (Approx. 150% Gain).
Cardano is currently consolidating and building a base at the $0.60 price level.
ADA has significant resistance at the $0.66 to $0.68 range and has to break in order to move to the next levels ($0.8 and $1).
There was a typical liquidity grab on the 26th December, which liquidated late longs and gave the big players a perfect well timed entry.
Based on our technical analysis, we believeADAUSD is set to teleport to the $1 Mark.
Technical Analysis:
1) Consolidating in an ascending triangle technical pattern
2) Bullish Volume is entering
3) ADA/BTC has flipped bullish as well
4) TraderMagz ATR God still in a Bullish Trend
5) Momentum, On balance volume and Commodity channel index 4 hour Divergences
6) Weekly Stochastic Money flow in Strength
Price Targets/ Trade Setup:
Entry : between $0.60 and $0.66
Stop-loss : $0.55 Conservative, $0.5074
Take profit 1: $0.80
Take profit 2: $1 phycological level
Take profit 3: $1.12 - 0.618 Fib Level
ADAUSD Road to $1ADA had a massive bullish run from $0.25 to a High of $0.68 (Approx. 150% Gain).
Cardano is currently consolidating and building a base at the $0.60 price level.
ADA has significant resistance at the $0.66 to $0.68 range and has to break in order to move to the next levels ($0.8 and $1).
There was a typical liquidity grab on the 26th December, which liquidated late longs and gave the big players a perfect well timed entry.
Based on our technical analysis, we believe
ADAUSD is set to teleport to the $1 Mark.Technical Analysis:
1) Consolidating in an ascending triangle technical pattern
2) Bullish Volume is entering
3) ADA/BTC has flipped bullish as well
4) TraderMagz ATR God still in a Bullish Trend
5) Momentum, On balance volume and Commodity channel index 4 hour Divergences
6) Weekly Stochastic Money flow in Strength
Price Targets/ Trade Setup:
Entry : between $0.60 and $0.66
Stop-loss : $0.55 Conservative, $0.5074
Take profit 1: $0.80
Take profit 2: $1 phycological level
Take profit 3: $1.12 - 0.618 Fib Level
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.