Cardano is showing a major breakout from a long-standing descending channel on the daily timeframe.
Structure:
Downtrend channel respected for ~7 months
Breakout confirmed with a strong bullish daily candle
Price hovering around $0.7192, above previous resistance
Support Levels:
$0.60
$0.5299
Resistance / Long-Term Targets:
$0.8158
$1.0876
$1.3159
$1.8958
Ultimate target (Fib extension): $2.76+
Outlook:
The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history.
A pullback to $0.60–$0.66 could offer re-entry opportunities.
Bias: Bullish (long-term)
Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation.
DYOR | Not financial advice
Structure:
Downtrend channel respected for ~7 months
Breakout confirmed with a strong bullish daily candle
Price hovering around $0.7192, above previous resistance
Support Levels:
$0.60
$0.5299
Resistance / Long-Term Targets:
$0.8158
$1.0876
$1.3159
$1.8958
Ultimate target (Fib extension): $2.76+
Outlook:
The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history.
A pullback to $0.60–$0.66 could offer re-entry opportunities.
Bias: Bullish (long-term)
Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation.
DYOR | Not financial advice
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.