Cardano holding good support & forming triangle pattern in 1hr time frames, so next possibly pump & dump targets scenarios..!!
Cardano had ha huge breakout recently in daily and hourly TF, retested twice with double bottom at the channel top and its ready to touch 2USD mark in upcoming months!
". There is a possibility of temporary retracement to suggested support line (1.5369). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at...
In this there is some idea for exit of ADA for long holders as it is at its all time high. I have also given the points for short in ADA but you can buy any point bellow 1.5$ and will have minimum of 8% profit in Short term (Period of 2-4 days.). $ADA
Ada has huge potential to grow and now after a long consolidation it is giving a breakout.
ADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
Keep stoploss at 1.52 and T1: 2.13 and T2 : 2.38
If cardano breakout 1.54 with healthy closing then next Targets are super bullish!!
This is ADA It is in a channel if yo have it or not wait until it will breaks its resistance or support