ADA/BTC Cardano breaks out - Going long and following this trend

BINANCE:ADABTC   Cardano / Bitcoin
We have seen a 200 SMA golden cross on both the Orange 50 SMA and Green 50 EMA .
Price action broke out of the ascending triangle at 1100 sats . This support was retested subsequently and failed to break. We see a bullish engulfing on the 4hr follow through with a higher close on the subsequent candle. There is are bearish pinbars present with no follow through to the downside showing that the bulls have been buying up the sells forming a base of support.
Red 10 SMA and Yellow 21 EMA crossing the Purple 200 EMA = bullish
RSI has crossed the EMA and is now heading into the bullish control zone.
Price is now retesting the upper Bollinger band attempting to break out.
There has been a retest of the Blue 377 EMA and 0.236 Fibonacci level but price failed to close above them at this point in time, however, I currently believe that price will close above these levels fairly soon.
Some bearish divergence on the 4hr stochastic , however on the 1D to 3D time periods stoch is crossing up strongly so I am not concerned with the downward cross on the 4hr stoch .
Volume profile shows little resistance, the targets I am looking for are 1210 sats , 1250 sats , and then a retest of the 0.382 Fibonacci level at 1318 sats .
At the time of publication, there is what can be interpreted as a shooting star or gravestone doji forming, there are another 2 hours for this candle to close, I will look to the following candles for confirmation. There may be a pullback however I am following the medium to long term trend so personally am not concerned by this at the moment.
In my option, there is a fundamental element to this bottoming out and then reversal on ADA/BTC and that is the update of the road map and the fact that the release date of the Shelley test new will be announced sometime within the next few weeks.
As long as the price is above the 10 SMA and Yellow 21 EMA the trend is bullish and I will continue to follow this trend up until I see signs of a reversal to the downside on the medium to long term time frames.
Thanks for taking the time to look at my analysis, feedback is always welcomed ^-^
Jun 23
Trade closed manually: Fell short of my target however I was able to profit by use if a stop loss.
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