#long term

$ADA 1W

Let's look at more global goals.

As we can see, the weekly candle broke through the level that marked the bear market under which Cardano had been trading for over a year. And immediately the weekly candles entered an overbought state.

There is reason to believe that we are in an early bull market, but before a true bull market, catalyzed by the adoption of ETFs and the Bitcoin halving, we will definitely correct downward in order to knock out weak hands and curb the optimism of market participants. During such a correction, it will be possible to build a long-term portfolio in order to tighten or even update the ATH of first-tier altcoins. ADA is a definite must-have in every long-term portfolio.

Position gain area: 0.4-0.43 (retest EMA-200 1w).

Growth target: 1.6+ 📈