Hi everyone Cardano has been showing strong price action since last month. even when the most coins are in correction mode it is going to resist for drop and is hovering over between 1.9$ and 2.1$ most of the time. at the moment the price is moving around the top line of the channel in my chart you can see important key area and if the price could manage to break 2.25 again I assume we can expect new ATH very soon. or it can drop to test our support levels on the chart before new bull run. so as far as we are above 1.75$ I'm bullish on it, lets see what's next move.
Enjoy the market
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just hit the key resistant level, if it can break the resistance the upward pressure will keep on.
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Exact on the target, just hit the first resistance. we can expect around 2.78$ and 3$ for next targets. lets see
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if the price could mange to break the last resistant level after some more consolidation moving we can expect new upward pressure.
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target 2.78 hit as expected. lets see if the next target will hit soon or we have correction wave before.
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target 2.9$ on my first chart just hit. based on your trading strategy you can wait for next target but set trailing stop to prevent sudden drop or close part of your position and save some profit.
Trade closed: target reached
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All targets on the chart hit. trade but not done yet, ADA has potential to move upward more. if do that I expect around 3.3$ to 3.5$ at least