ADA forming a triangle pattern.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 .
Cardanoanalysis
ada likely to give a breakout ada was consolidating within 1.900 to 2.060 range.
with good vol and bullish engulfing candle breakout is likely to sustain
initiate buy above 2.090 sl 2.020, target 2.200,
if the overall market is in momentum then ada can also touch its recent high of 2.300
happy trading
cardano ada, update
the down side move we estimated was fair enough but the price fails to break below 2.020
the price is consolidating within a pattern of triangle but the rsi showing rise in momentum
lets wait until it gives breakout above 2.150 level the breakout could result in 150points upside to 2.300
downside i am no longer interested in shorting because 2.000 is close by and favorable risk to reward we would get
based on current market structure this could be the possibilities im looking for longs
ADA Price Predicted April 2021Ada which is known as Cardano recently listed on Coinbase......And We have seen 10-15% increment.
When we talk about future of Cardano it can reach 5$ Till the end of new month.
How it can reach 5$??
Because of its good projects plan in the march and april. Their are more than 10+ projects in the month of April. This is the reason.
You can consider buying at your own risk.
Crypto currency is subjected to market risk. Invest at your own risk.