it's retesting the 100 day moving average (on daily timeframe) which is resistance.
it either breaks it now or we get a pull back
Zoe_Crypto analyst
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Bearish
$ADA /USDT Bull run alert šÆ š„
BULLISH BREAKOUT ā READY FOR THE NEXT LEG UP!
Cardano has broken out of a tightening consolidation pattern and surged above resistance around the $0.707 level. This breakout is backed by strong bullish momentum, suggesting a continuation toward the next key resistance area.
Trade Setup:
Entry: $0.707 ā $0.709
Take Profit (TP): $0.718
Stop Loss (SL): $0.701
Market Outlook:
ADA is showing strength after forming a bullish ascending triangle and breaking out cleanly. As long as it sustains above the breakout level, bulls are likely to remain in control. However, a close below $0.701 would invalidate the setup and invite caution.
Command: Ride the breakout and stay sharp with your stops!
#Cardano #ADAUSDT #CryptoTrading #AltcoinSeason #ChartAnalysis
buy and trade here on $ADA
BULLISH BREAKOUT ā READY FOR THE NEXT LEG UP!
Cardano has broken out of a tightening consolidation pattern and surged above resistance around the $0.707 level. This breakout is backed by strong bullish momentum, suggesting a continuation toward the next key resistance area.
Trade Setup:
Entry: $0.707 ā $0.709
Take Profit (TP): $0.718
Stop Loss (SL): $0.701
Market Outlook:
ADA is showing strength after forming a bullish ascending triangle and breaking out cleanly. As long as it sustains above the breakout level, bulls are likely to remain in control. However, a close below $0.701 would invalidate the setup and invite caution.
Command: Ride the breakout and stay sharp with your stops!
#Cardano #ADAUSDT #CryptoTrading #AltcoinSeason #ChartAnalysis
buy and trade here on $ADA
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