ADA Fam! Ready for more upside? The Chart says yes!
Hello Traders!
Cardano has been waking up from it's long nap and is finally taking it's place as a crypto giant! The bull run this is experiencing should be a testament to what people believe ADA can actually achieve. But enough banter...let's get to the chart.
Really nice setup here with all factors aiding the confluence.
We have...
- An Expanded Extension Series from the low and has already entered Longs.
- A B-E-A-U-tiful Correction Channel that price is reacting off of the Median Line of. Ideally, we will now reverse and break out of the Upper Boundary for further bullish confirmation.
- Not to mention the Short setup meeting target and reversing right on the Median Line of the Channel.
All around, great confluence from this Long Entry.
We must pay attention to the Opposing setups as every setup is a BATTLE for Trend. Once we break above ~$1.36, we can feel even better about price reaching the Long Target.
That's all for now!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own personal psyche
Cardano has been waking up from it's long nap and is finally taking it's place as a crypto giant! The bull run this is experiencing should be a testament to what people believe ADA can actually achieve. But enough banter...let's get to the chart.
Really nice setup here with all factors aiding the confluence.
We have...
- An Expanded Extension Series from the low and has already entered Longs.
- A B-E-A-U-tiful Correction Channel that price is reacting off of the Median Line of. Ideally, we will now reverse and break out of the Upper Boundary for further bullish confirmation.
- Not to mention the Short setup meeting target and reversing right on the Median Line of the Channel.
All around, great confluence from this Long Entry.
We must pay attention to the Opposing setups as every setup is a BATTLE for Trend. Once we break above ~$1.36, we can feel even better about price reaching the Long Target.
That's all for now!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own personal psyche
