On the weekly timeframe, Cardano (ADA) seems to be breaking out of a wedge pattern and it also has hidden bullish divergence (lower low in RSI and higher high in price). Fundamental analysis is also very solid for ADA.
If we see upward momentum in the market, a good target would be around the 1.618 fib extension from the previous wave which will set the price around the 0.16USD to 0.19USD range
This analysis is not financial advise, it's just for me too keep track of my own trading.
Good luck everyone
If we see upward momentum in the market, a good target would be around the 1.618 fib extension from the previous wave which will set the price around the 0.16USD to 0.19USD range
This analysis is not financial advise, it's just for me too keep track of my own trading.
Good luck everyone