您现在的位置是:Is Cardano finally about to breakout? Charts pointing to a huge rally soon >>正文
Is Cardano finally about to breakout? Charts pointing to a huge rally soon
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛13人已围观
简介After lagging behind on gains this month, Cardano (ADA/USD) may finally have given the long-awaited ...
After lagging behind on gains this month, Cardano (ADA/USD) may finally have given the long-awaited breakout for which investors have been waiting for since several months.ADA was up over 9% on Tuesday and there was a huge spike in volumes too. After months of consolidation, ADA could give a huge rally in the coming weeks however is it too late to enter ADA after the 10% surge on Tuesday?
What the charts are pointing towards –
ADA has been in the range of $2 to $2.3 since September thus if it is able to break out now, some huge targets could be achieved soon. The resistance has been proven to be very strong thus after the breakout $2.3 will act as an important zone of support.
ADA is already over 13% up this week and has closed in green almost every day this week, thus a small pullback could be expected soon.
A volume spike was also seen on Tuesday, this is suggesting that the breakout will be strong and the chances of a false breakout are also looking very low.
ADA has formed strong bullish candles and is looking very bullish for the coming weeks and can break out any time soon.
However, investors must note that an entry should only be taken after the breakout as an early entry could be very risky, thus an entry can be taken after the zone of $2.3 is broken.
The RSI was in the overbought zone on Thursday thus a small pullback could be seen before a breakout.
A target of $2.82 can be set and even a new all-time high could be set very soon by ADA.
A stop-loss can be set below the zone at $2.03.
Conclusion
Cardano is looking very bullish for the coming weeks and it could hit some huge targets soon.
Nevertheless, investors must be patient and must wait for a clear breakout before entering Cardano, and should also set a stop loss below the zone. Moreover, Cardano is also very strong fundamentally thus it has some very promising long-term targets.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/22228.html
相关文章
Bitcoin jumps to $30k on fake BTC ETF news. The spike was quickly reversed.
Is Cardano finally about to breakout? Charts pointing to a huge rally soonBitcoin jumps to $30k on fake BTC ETF newsThe spike was quickly reversedThe chances are high that th...
阅读更多
Harmony ONE price prediction after the drop of TVL to $43M
Is Cardano finally about to breakout? Charts pointing to a huge rally soonTheHarmonyONE price has pulled back in the past few days as demand for the coin remains at a substan...
阅读更多
When to buy Fantom token as price stays clear of the breakout zone
Is Cardano finally about to breakout? Charts pointing to a huge rally soonFantom token holds above $0.288 breakout supportThe cryptocurrency is strong but is stalling as most...
阅读更多
热门文章
- Boston Dynamics' rival Unitree unleashes powerful robot dog upgrade
- Optimism adds 98% in a week
- Huawei soars close to $100B sales amid US
- Bitget to list Chappyz (CHAPZ): Pioneering Web3 platform for enhanced connections and collaboration
- US giant wind farm misses power deadline, but 1st turbine turns breeze
- Polygon’s MATIC remains trapped by resistance but is the price bearish?
最新文章
Has Polygon token lost its bullish momentum, or could we see more gains?
Shiba Inu up by 5% this week as Memeinator’s presale approaches $1.5 million
Weekly Roundup of Cryptocurrency News 14/02/2022
Ukraine bins crypto airdrop schedules NFTs plans
Bitcoin ETF approvals to drive $1T crypto market surge: CryptoQuant
Maverick Protocol raises $8M in funding round led by Pantera Capital