On the 1Hr chart we can see that Cardano (ADA), is starting to build a bit of momentum as it sits inside the range of $2.00 and $2.30.
Are we going to make it to test the range resistance of $2.30?? Time will tell. *Note as mentioned on my previous TA, we could remain in this range for a few weeks, but this small sign of strength from buyers (bulls) is convincing that the bulls are beginning to take back control. A break of prior resistance at $2.30 could start a bigger move to the $4.00 mark which is our breakout target for the falling wedge we have been watching for the past two weeks.
Should this small upward momentum be broken, we could come back to the $2.00-$2.10 lows which would be a great place to scoop up some more ADA if you're a long-term holder.
Patience is key with ADA and we those that have stuck with it are slowly being rewarded. Hodl!
Are we going to make it to test the range resistance of $2.30?? Time will tell. *Note as mentioned on my previous TA, we could remain in this range for a few weeks, but this small sign of strength from buyers (bulls) is convincing that the bulls are beginning to take back control. A break of prior resistance at $2.30 could start a bigger move to the $4.00 mark which is our breakout target for the falling wedge we have been watching for the past two weeks.
Should this small upward momentum be broken, we could come back to the $2.00-$2.10 lows which would be a great place to scoop up some more ADA if you're a long-term holder.
Patience is key with ADA and we those that have stuck with it are slowly being rewarded. Hodl!