Cardano - Starting The 10x Parabolic Rally!

Updated
Cardano (ADAUSD) is perfectly following the break and retest:

snapshot

Click chart above to see the detailed analysis👆🏻

With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.

Levels to watch: $3.0, $10.0

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Cardano (ADAUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

And Cardano is simply following the bullish strength of November and is currently just continuing with its bullish cycle. It is quite likely that - especially on the smaller timeframes - we will see at least a short term pullback but looking at the overall trend this is simply a tiny drop on a very hot and boiling oven.

Levels to watch: $3.0, $10.0

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Cardano (ADAUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

Cardano is currently accumulating after pumping an unbelievable +200% in November. If we just look at the cycle of 2020, we also saw a quite decent pause after the first initial impulse, before Cardano then eventually continued with its parabolic move. This is quite likely to happen again soon.

Levels to watch: $3.0, $10.0

Keep your long term vision,
Philip (BasicTrading)
ADAadausdalltimehighbreakandretestbullruncardanoChart PatternscryptoDouble BottomTechnical IndicatorsrallyTrend Analysis

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