ADA knocking at 80 cents? First breakout target reached already!
Cardano has made its move once the 40 cent horizontal level was broken.
If you look closer into less known indicators, the September-October period already showed signs of a reversal and breakout: the TD 13 on 10-day (while holding the 24 cent floor) and the close above the 2:1 descending Gann angle.
Now... we are inside the cloud, stretching the Bollinger and already hit the 0.702 OTE zone from 1.02 which I consider to be another important horizontal level. Might even go as far as to call it ADA's bull/bear line.
The future? Hold 52 on correction and we should see 74 and 86 cent as well. Perhaps we could reach these levels without a correction.
Personally I'd go with 1% portfolio for the trade right now and keep another 1% for the 55~52 zone to re-enter. Targets 0.74 and 0.86 as mentioned. Stop loss 0.49 if the psychological half a dollar gets rekt.
If you look closer into less known indicators, the September-October period already showed signs of a reversal and breakout: the TD 13 on 10-day (while holding the 24 cent floor) and the close above the 2:1 descending Gann angle.
Now... we are inside the cloud, stretching the Bollinger and already hit the 0.702 OTE zone from 1.02 which I consider to be another important horizontal level. Might even go as far as to call it ADA's bull/bear line.
The future? Hold 52 on correction and we should see 74 and 86 cent as well. Perhaps we could reach these levels without a correction.
Personally I'd go with 1% portfolio for the trade right now and keep another 1% for the 55~52 zone to re-enter. Targets 0.74 and 0.86 as mentioned. Stop loss 0.49 if the psychological half a dollar gets rekt.
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