Hello everyone, it looks like that Cardano (ADA) already penetrate the ATH and the 'hard' resistance. As you can see the chart below, two consecutive Bull candle indicates this will be a strong bull run in the next few days.
Consolidation for 7 days, followed by 2 bull candle and penetrates the resistance is a strong indication that this will become a bull run.
but before that
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I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. The contents on this site are for informational purposes only and does not constitute financial, accounting, or legal advice.
There will be 2 possibility or strategy to trade on this market here.
First, you can enter and follow the trend as shown on the photo above. for the target price maybe around 2.5 but again this is not a financial advice.
Secondly,
You can wait for the price to go down a little bit and enter the market.
So for todays conclusion, Cardano (ADA) already starts its bull run, but always remember trade what you willing to lose.
Have a great day everyone! Happy trading and HIVE ON!
![[POTCAST] Cardano (ADA) at a Crossroads: Is It Time to Buy or a Trap to Avoid?](/assets/noimage.svg)