NinjaTradingServices

ADA (CARDANO) PRICE TARGET $2.4

Long
KRAKEN:ADAUSD   Cardano
ADA/CARDANO is rallying very nicely from previous levels of demand. If you know how to spot SD imbalances and how to trade them then you know that this price action is very reassuring right now.

We reacted to the lowest demand, began to create an ascending channel in which we broke out from and now we are retesting the channel + new demand.

I am expecting a move to 2.4 dollars. We may get a pullback back into the channel, that is fine but longer term over the next few weeks we should see price start to trend back to the upside.

Long bias on ADA :)

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