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
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.