Cardano Update · All Perfect, Straight Up!Cardano is super bullish right now. Just one day red and the next day green while trading above support.
The rise is an ongoing phenomena. Cardano has been rising since 22 June. We know there has been lots of consolidation after the 3-February low. Some challenge of resistance, some tests of support.
The bulls once more gained the upper hand. ADAUSDT is showing the highest volume 14-August since March. The highest prices since March as well have been activated again.
Resistance was found at $1.01 and notice that this is the 0.618 Fib. extension number for our next wave. This confirms the numbers are good and this reveals the next target to be $1.83. Just as we had a stop at $1.01, we will have a stop at $1.83. This is a major level but these are only short-term to mid-term targets, you know we are going high long-term.
Ok. I wanted to show you the daily and what is happening now. The truth is that everything is fine. The market conditions solid. ADAUSDT is moving forward. This chart shows a classic bullish impulse unfolding. The candles are likely to continue pushing higher, always putting pressure on resistance and breaking it, then higher with swings as well. Retraces just like late July. Hopefully only one correction.
Cardano is trading above all moving averages. The RSI is very strong. The MACD looks great. We will see more growth, additional growth, long-term. It is already happening and it will continue to happen.
Namaste.
