$2.2 Followed by $3.25 · Cardano Trend-Based Fib Extension

Cardano is a on a clear, and very strong, ascending channel rising since June 2023. We are clear, safe and confident about the bigger-broader market trend. An uptrend within a long-term bullish cycle.

After the peak in early December 2024 Cardano struggled to stay above EMA89—the blue dotted line on the chart—but this isn't the case anymore. After a triple-bottom, shy higher lows, last week ADAUSDT managed to break decisively above this level with a full green candle. This confirms the resumption of the late 2024 bullish wave.

Last week resistance was found at 0.236 Fib. extension. The weekly session closed right below it and this is shown as a thin tiny red dotted line on the chart. The current week is halfway through and ADAUSDT is now trading above this level. The bullish signal comes from the fact that the action is happening at the top of the candle; this is the fourth consecutive green week; the bullish bias is fully confirmed.

That is all there is. I just wanted to share a small update in support of our bullish bias based on chart data. You can rest easy knowing that the market will continue to grow.

Next target is $2.20 for 188%. Followed by $3.25 for 325%.

We use leverage on the big projects so the potential for profits can be multiplied by 5, 6, 7, 8, or 10X. The risk is higher of course, but so is the potential for reward. High risk vs a high potential for reward. You can always approach the pair spot if uncertain. If you lack experience but still want to join the ride, enjoy the rise, make money and have fun, you can buy spot, that is, buy and hold. The market will give you money if you are patient enough. This is the period where everything grows. Thanks a lot for your continued support. If you enjoyed the content consider hitting follow.

Namaste.