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cjkoepke
Feb 1, 2021 10:12 PM

Possible Breakout Soon Long

Cardano / US DollarBinance

Description

ADAUSD has been accumulating for a couple weeks, ranging in the .28-.34 range. We have some good momentum right now, and if we close above the .38 then we could see another pump. The fundamentals behind ADA also support a future movement in the upward range, as they have several release planned for this year.

One to watch. Place your stop-loss just below .34 (in my opinion), to guard against a possible wash-out before we test ATH again.

Comment

@humorousProfile pointed out that the actual ATH of ADAUSD is at 1.30. Thanks!
Comments
nrmr82
0.41 sell-off is hard to cross
humorousProfile
ath is at 1.30 dollar xD
cjkoepke
@humorousProfile, Thanks for the update, I wasn't sure what the beginning value was so I made an assumption. Updated.
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