ADA ready for $3Now is the time for Cardano to make that $3 run this weekend.
We just crossed the ATH resistance with a nice retest & now it's time to FLY! Let's see if we can continue to gain Volume & Momentum through the weekend.
Cardanotrading
ADA Triple Bottom engagedWe're in a bearish consolidation phase which just created a Triple Bottom as well as the RSI. Next I do believe we may test $2 as we roll through the weekend.
ADA, Cardano - price has a great picture. Look when I'll buy...More than 5 days price is over a big range. The price managed to form a local key level of 1.82. A wonderful entry point will be after squeezing to this level, breakout, and retest. Generally, the coin looks so powerful for growth. I set the alert.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Peep this ADA Monthly ChartIf you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days.
This Monthly chart is very bullish.
- Over the course of the last 2.5 months we've established strong support between $1.15-$1
- Bear volume has been weak
- Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the public
- Cardano is FULLY DECENTRALIZED as of March 31st
We may range +- $0.10 over the next 2 weeks before having a performing month in May.
However, the Bitcoin chart, on the Monthly, is something you'll want to keep an eye out on.
At some point we will have a pullback month much like in the 2017 cycle. Obviously things are vastly different and given the covid situation anything can happen. However, by tracking BTC, it can give more context on the short term movement within the overall macro trend. So, if BTC has a pullback month in May, expect ADA to do the same.
Additionally, a pullback from BTC would allow it to establish a Monthly support to which we could then measure the possible target of the next leg up on a Monthly chart.
ADAUSD Consolidation before the next bullish legPattern: 1W Channel Up.
Signal: Bullish after the 1D consolidation is completed near the Channel's Higher Low.
Target: 0.170000.
