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ADA-USDT Perfect Bullish Pennant Continuation Pattern on Weekly

Long
BINANCE:ADAUSDT   Cardano / TetherUS
Enter into trade anytime while ADA is low.

It has strong fundamentals, including support for smart contracts and an established community along with staking rewards.

ADA is THE coin that will be a serious contender with Ethereum and Bitcoin . This trade setup is based off the 1 week chart.

Entry: 1.21

Stop Loss: 0.978

Take Profit: 2.52


Trade logic:
A Bullish Pennant is a continuation pattern in a bull market. You can approximate the top by measuring the length of the flag pole (+1.08) and adding that to the previous top (1.42) - giving us the take profit mark of 2.50 - 2.52.

Comments

It is still a great point to buy ADA at $1.21124
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