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FieryTrading
Oct 20, 2021 3:03 PM

🔥 ADA Finally Resuming Bullish Move? Long

Cardano / TetherUSBinance

Description

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With Bitcoin making a new all time high, alts are prone to follow Bitcoin and go up.

ADA has been trading in a consolidating pattern for several weeks now, with every break out getting rejected.

If ADA manages to confidently break out of the triangle pattern, I'm expecting ADA to rise towards the $2.55 resistance level, potentially $2.75 if we see some parabolic movement in the near future.

Happy trading!
Comments
jojofang0901
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agree with the bullish view also my frd
AlgoSurfer
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Nice analysis! I'd set met TP's at:
TP1: 2.367 (40%)
TP2: 2.479 (30%)
TP3: 2.691 (20%)
TP4: 2.871 (10%)
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