ADAUSD this is just a beginning towards previous high

EMAs on the monthly chart.
Even though the price action of Cardano has rallied more than 1800%, but if we switch to the monthly chart, then it can be observed that the priceline has just broken out the resistance of EMA 10 and 21.


EMAs on the weekly chart:
On weekly chart, the price action broke down the EMAs 10 and 21 but again it has moved above these exponential moving averages.


SMAs on the weekly chart:
On the weekly chart, the price action of ADA has broken out the 50 and 100 simple moving averages and now breaking out the 25 SMA resistance level.


Ichimoku cloud:
Now if we turn to the ADA with the Bitcoin market, then the price action of Cardano is likely to break out the Ichimoku cloud resistance on the long-term weekly chart.


Conclusion:
The priceline has rallied more than 1800% so far, but this is just a beginning and the ADA can cross up the previous highest price ever very easily.

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