Cardano (ADA/BTC) Swinging To New Heights
Updated
After gaining mainstream attention, Cardano (ADA) has seen unprecedented growth and has successfully reached a new all-time-high as previously projected. Now ADA has broken out of yet another bullish pennant and is looking to achieve higher growth. Cardano (ADA) is looking strong on both the fundamental and the technical perspective. One thing to keep in mind, as seen in the previous analysis is that in the short term, if Bitcoin(BTC) rises to new heights, altcoins such as ADA could drop in price because the majority of attention will be on Bitcoin due to the fact that cryptocurrency investors tend to have a fear of missing out (FOMO) on Bitcoin gains and thus sell altcoins for BTC in the short term.
First Target: 3460
Second Target: 4350
First Target: 3460
Second Target: 4350
Trade closed: target reached
Took longer than expected due to major bitcoin corrections that affected the entire market. Regardless, we have now reached our target with over 60% profit from our entry.
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