ADAUSDT | Cardano is about to explode!

25 ก.พ. 2021

Hello, traders!

Cardano touched the ATH today and bounced off it. What is the next for ADA? Let's go!

Technical analysis demonstrates that the price now is in ascending trend channel which started yesterday at the Bitcoin dip time. We can see the range with three significant support levels. Corresponding to this there are three possible scenarios.

"Green": the price will break through ATH and quickly reaches the $1.30 (weekly R1 pivot) level. It has low probability but possible.

"Blue": The price will go to the lower band ($1.07) of the channel and bounce off it to the upside. In my opinion this is the most possible scenario in case if the BTC re-test the $47000 level.

"Red": This scenario could play out in case of BTC retest $45000.

Can the Cardano go to the $0.81? Yes, but it is the least likely because if you look at the ADABTC technical analysis chart below it can be seen that the Cardano outperformes Bitcoin now. It broke through the R1 weekly pivot and if it is able to find support above it, the ADA can grow faster than the BTC.

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.

25 ก.พ. 2021

บันทึก

25 ก.พ. 2021

บันทึก

Let's take a look at fundamental analysis also. We can see it is nice now for Cardano!

27 ก.พ. 2021

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

The price of the ADAUSDT reached the target in less than two days. If you followed by the red scenario now you are sitting at more than 30% profit. Congratulations! The Cardano's hardfork is upcoming, this is the reason that the price pumpe even more. Be careful, because when the fork occur the huge pump is follwed by the dump. In ours opinion it is nice moment to take profit, but not a financial advise.