The market is currently in a bull run, ADA is forming a triangle pattern go long after it breaks the upper level and retests it. The confluence of 200 EMA and the upper trendline adds more confirmation . If it breaks the lower level ignore it, it may be taking a retest from the lower levels. We should go with the trend .
ADA CMP 2.29$, Target 3.50 to 4$ in 3-4 months, Good to time to accumulate as price crossed 44SMA with a good breakout on SPAN A Cloud on Ichimoku Daily Plot
COINBASE:ADAUSD
Hello All!
Cardano has been traveling in a channel as can be seen in the chart. After about 2 months of falling, it's now again at its lower trendline which generates a good opportunity to go long!
Its also trading above its 50 daily EMA and has broken trendline 1 which was depicting its fall. These indications further support the idea of going...
1/ Cardano price is coiling up in a symmetrical triangle pattern, suggesting a breakout could occur soon.
2/ Since this technical formation has no inherent bias, ADA could head 18% in either direction.
3/ On-chain metrics reveal a breakout would favor the bears.
ADA has been in a bearish trend even after the whole crypto market is bullish. this bulls have still made the prices to take support in the major demand zone (the dark box). It might form a new low here or go till the 1 to 1.5 USDT range to make a new low. Currently, it is consolidating in the golden zone of the Fibonacci Retracement. It has already broken the...
ADAUSDT is currently consolidating in a triangle pattern, it could go up or down so we have to trade by looking the price moment if it breaks upside or downside we have to wait for the retest and take the trade in the direction of the price. But if you look at 1.995 there is a good demand zone the price could bounce back from there and give you target upto the EMA...
