BINANCE:ADAUSDT   Cardano / TetherUS
ADA/USDT

The price of $ADA is moving in the parallel channel, creating a higher low for the second time now. We are clearly in the uptrend and the sentiment looks good.

My main target is the middle line, which would create a higher high and continue on the path of the last two weeks. Breaking the middle line we should test the top of the channel (target 2) at around $0.134. We can expect some retracement after hitting those targets.

Keep an eye on the MA100 and the previous support line at 0.118 which can now serve as resistance.

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