Cardano +150% profit - Finally time to buy (waiting game is over)
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Cardano is one of the undervalued popular altcoins, and I think it's finally time for a big pump! At least this is what my technical analysis suggests. On the chart we can see that the price of ADA has been moving in this ascending channel (uptrend), and because we are in a bull market, we want to buy the support trendline of the channel.
What's more, an alt season is in progress, so this adds to our confluence. The first profit target is 32%, but I believe ADA will go up by 100% - 150% in the next weeks, until the end of the year.
Please let me know your thoughts about Cardano. Are you buying this altcoin?
Order-type: Limit Entry: 0.8517 First Profit: 1.1299 (32.66%) Second Profit: 100% - 150% (details in my new analysis) Stop: 0.8117 (4.70%) Risk-To-Reward: 6.95 Expected duration: 7 - 20 days