Cardano
Long
Updated

ADA channel breakout | pattern and fib targets [MACRO]

1 116
Channel target (measured by the height of the channel) ~1.94 (will most likely bounce at 2$ before spiking again [sell wall at 2$]). Next fib extension target: 2.19, Macro bull flag target 2.67. If BTC can consolidate or break 60k, I think that this is a plausible scenario. I will be taking profits near 2$ if it shows weakness and buy back lower.

Fractal is just shows how it can play out, it will most likely not follow the fractal.
Note
As long as we consolidate above 1.5 (above channel)
Note
BTC breaking down. this chart is no longer relevant
Note
Apparently ada does not care about BTC for now

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