ADA Ready to Fly: Cup & Handle Pattern + Fibonacci Targets
ADAUSDT 1W
CARDANO/TETHERUS Binance
Cardano (ADAUSD) is forming a classic cup and handle pattern on the higher timeframe, signaling a bullish continuation setup that often precedes strong upward moves.
Combined with Fibonacci extensions, the breakout potential is high, with multiple target levels mapped out:
Target 1: 0.618 Fib - 2.0005 - confirmsbreakout strength
Target 2: 0.786 Fib - 2.4845 - momentum continuation zone
Target 3: 1.272 Fib - 3.8846 - full extension based on pattern measurement
Target 4: 1.618 Fib 4.8815 - aggressive
bull target for long-term holdersIf ADA breaks the handle with strong volume, it could initiate a powerful rally. This setup is ideal for swing traders looking for a high-probability entry.
Let's catch the next big move together!
$ADA DYOR NFA