A157901

$ADA ready for takeoff. With Targets.

Long
BITTREX:ADABTC   Cardano / Bitcoin
Like many alts right now $ADA also seems to have broken out of its, now past, trend. We should see a nice pump as soon as Bitcoin is more stable, or as soon as Volume follows. 3.1k is a potential resistance zone, but after that, we shouldn't have much resistance until the Major Fib levels (0.382, 0.5, 0.618). As marked on the chart, I suggest you take some profits at each of them, and keep a lot out on the RSI for whether or not it's overbought (it's currently oversold), and also at volume to see if the breakout is confirmed.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.