Daily trend is starting to establish itself with some ranging price that needs to breakout long for the trend to be confirmed.
CARDANO recently hit Daily Pivot Support Levels indicating a further move long.
Entry levels for long continuation are below POC line...
Cardano is ready for a swing trade IMO,
ADA is making steady higher lows since september and therefore is forming an symmetrical traingle.
The support and resistance levels of this forming triangle are easy to see.
A break to the upside would be confirmed if ADA gains above 0.00000520 sats.
I will turn bearish/neutral once ADA drops below the triangle and the 50...
ADA/BTC i can see a good upside movement in coming days with a 460 sat stop can aim for 700 and for longer term 800sat.
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Tricky, looks like an ascending triangle but against resistance // EMA50(green) on the daily $BTC pair + volume keeps decreasing..
I would wait for a cross over ~500 sats with a flip & Volume to start thinking on a long position just to be sure..
Short-term targets: 700-750.
Long term (2-3 months): 250
I do think, like many other traders here, that many altcoins, including ADA will go up in the short term. But, unlike many others, I really do not think that the Alt season is about to begin. In the next few weeks, I expect the price of ADA to rise to 700-750. At these levels, the 0.38 fib...
Cardano is trying to break 610 sats for 4th time.
In the meantime it has forming Ascending triangle just like Bitcoin few months ago.
If 610 breaks and holds, i am expecting 700 sats to be immediate target.