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TradeSmart965

ADA may need to Cool Off a little bit ..

Long
Cardano (KRAKEN:ADAUSD)  
TradeSmart965  
KRAKEN:ADAUSD   Cardano
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
ADA/USD already reached the long term target of 161.8%, touched it, and moved down forming a bearish divergence. I am not saying it will be falling from here, but it may need to cool off to resume the bullish momentum. If bulls managed to break 161.8% and I doubt they will, ADA will try to go for 261.8%.
Good Luck & Trade Smart.
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