marcosdaunte

Cardano (Breakout)

Long
BINANCE:ADAUSDT   Cardano / TetherUS
Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall.
Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021).
Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December).
A general breakout following the green rounding bottom is expected.

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