PlutusX

Cardano (ADA) Price Prediction Sep 19 - Long In Profit

Long
KRAKEN:ADAUSD   Cardano
Based on the last update made on ADA we should have executed and be in a profit-ready position. If that is the case, consider placing stop losses at a beak even position or using a trailing stop if you are comfortable and accustomed to doing so.

We are looking at reloading the position at the $1.69 level upon confirmation. The target was nearly missed but already was close. So do not become greedy and assume we will make another push upward.

Reminder, we have been in a bullish season for nearly a year, so the likely hood of sustaining these levels or increasing is diminishing by the day. However, we are in a state of greater adoption so the fundamentals can be the catalyst needed to push prices further before experiencing a correction.

BE SAFE TRADERS!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.