To make the breakout and reach such an ambitious target price must occur: 1) The volume should grow as the rise before entering the channel or similar 2) What I pointed out both in the MACD and in the RSI
The pattern called FLAT BASE was formed A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the most powerful breakouts, ever. A stock can easily double in a matter of days / weeks. There should be no evidence of breakdown in this pattern and they should be entered immediately when you first find them. When the breakout occurs, it is likely that you will never see pre-breakout prices for a long time.
If your analysis is correct it should rise soon. I am looking forward to it. Cardano is a great coin with a lot of potential. The initial prices after the ico where up to 0.000002000 btc.
SkanderCoin
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bought on 1120)) became an investor)))
Anonymously
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just watch the orderbook - some crappy whales manipulating the market.
Duutt
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Very nice analysis, thanks!
UnknownUnicorn1182588
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Thank you for your analysis. Do you think it is clever to buy now? Is there a chance to drop or will it stay at the current level if it doesn't spike up?
CoinDreamer
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@xyzj12, Buy now and buy when drop..:P
XmOkEy
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@CoinDreamer, Buy now and set a reasonable SL, just in case. ADA is such a tease, I want to see it fly already!
Dare2Trade
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@XmOkEy, Came out in November, overtook XRP... and you want to sell? hmu when you want to sell :p
XmOkEy
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@Dare2Trade, When did I say I want to sell? I'm glad I had a SL considering the current level :p It might come down to 800 by the looks of it, that will be rebuy time.
mehmet4655
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any update pls? what is the next target?
Thanks for great TA!