CARADANO - Quick Analysis: Strong Upward Movement.

ADA has seen a strong uptrend form since breaking out of it's descending channel last week.

We can see the price just bounced off two notable EMA's, 50 & 100, with a bounce two weeks ago off 200. This is a strong sign of strength.

Indicators looking decent, I've noted analysis on the chart.

If ADA continues this trend, I believe it will hit the next fib level within the next couple weeks.

TP @ .12595, SL around 8%-10%. If it breaks the ascending channel we can expect another retest of one of the previous support levels.

This seems unlikely to me as it has shown notable strength for a while now.

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