RiderAlgo

🚀 $ADA's money flow is primed for a surge!

Long
RiderAlgo Updated   
BINANCE:ADAUSDT   Cardano / TetherUS
🚀 ADA 's Money Flow Primed for a Surge!

It's time for our weekly analysis on $ADA. Let's dive into the current market dynamics and see where things are heading.

Facts:
  • Price Just Hit Our First Target: A significant milestone achieved, indicating strong momentum.
    Bitcoin's Stability is Key: If Bitcoin continues to maintain its current trajectory, targets 2 and 3 for ADA are well within our reach.
    Not Overbought: The current price level is sustainable, as it's not in the overbought zone yet.
    Rising Money Flow: There's an evident increase in money flow into ADA , nearing a bullish flip after a long period of 92 weeks.

Conclusions:
  • Consolidation before the Surge: ADA has been in a phase of consolidation, setting the stage for a potential explosive move. We're eyeing a target of $1.2 USD, similar to Bitcoin's recent breakthrough at 44K.
    My Strategy: In light of these developments, I'm holding and increasing my spot positions in ADA. The market's trend seems favorable for such a move.

Remember, this isn't financial advice, but rather a perspective based on current market observations. Let's ride the trend wave together! 💹

Stay tuned for more updates.
Comment:
Perfect timing, ADA up 25%.

Regards,

Trend Rider
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