Trading Idea - #Cardano #ADAUSD
The time has come to launch another attack.
- With the drop below 1.00 USD, there was a strong upward momentum. The correction at the 38% Fibonacci level indicates the continuation of the upward movement.
- As a reminder, correction to 38% indicates a strong trend and a continuation.
The resistance at 1.40 USD is as tough as concrete for sure! We already had a test of this level on April 29, 2021.
- With renewed momentum from the correction, it should be possible. Then the goal is 1.50 USD!
I wish you success!
- With the drop below 1.00 USD, there was a strong upward momentum. The correction at the 38% Fibonacci level indicates the continuation of the upward movement.
- As a reminder, correction to 38% indicates a strong trend and a continuation.
The resistance at 1.40 USD is as tough as concrete for sure! We already had a test of this level on April 29, 2021.
- With renewed momentum from the correction, it should be possible. Then the goal is 1.50 USD!
I wish you success!
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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.