Cardano (ADA) is on the verge of an 80% surge (1D)Despite all the positive news, it couldn’t maintain its bullish trend, as seasoned whales typically don't enter the market at the end of bullish waves.
The zone we’ve highlighted is where we believe whales will enter Cardano. Due to heavy buying pressure, the price could experience a 50% to 80% surge.
From the point marked with the green arrow on the chart, Cardano’s bullish phase has begun. It appears to be forming an expanding/diagonal/symmetrical triangle.
We are looking for buy/long positions in the green zone, where the hypothetical wave F might come to an end.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate our buy outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
