Cardano's Road to $1Cardano's BINANCE:ADAUSD Road to $1
ADA had a massive bullish run from $0.25 to a High of $0.68 (Approx. 150% Gain).
Cardano is currently consolidating and building a base at the $0.60 price level.
ADA has significant resistance at the $0.66 to $0.68 range and has to break in order to move to the next levels ($0.8 and $1).
There was a typical liquidity grab on the 26th December, which liquidated late longs and gave the big players a perfect well timed entry.
Based on our technical analysis, we believe CRYPTO:ADAUSD is set to teleport to the $1 Mark.
Technical Analysis:
1) Consolidating in an ascending triangle technical pattern
2) Bullish Volume is entering
3) ADA/BTC has flipped bullish as well
4) TraderMagz ATR God still in a Bullish Trend
5) Momentum, On balance volume and Commodity channel index 4 hour Divergences
6) Weekly Stochastic Money flow in Strength
Price Targets/ Trade Setup:
Entry : between $0.60 and $0.66
Stop-loss : $0.55 Conservative, $0.5074
Take profit 1: $0.80
Take profit 2: $1 phycological level
Take profit 3: $1.12 - 0.618 Fib Level
