Cardano is expected to breakout soon

2 окт. 2021 г.

Cardano was trading in a channel for quite some time. After BTC broke out of the channel, that we have predicted already, overall market is showing some positive signs. Nevertheless, Cardano was still in the descending channel while all these happened. But recent price actions looks like Cardano is building up for a breakout. A nice break to the upside gives us some fairly good price targets. So buy now or buy after the breakout and a pullback, it's completely upon you.
Stop loss and 3 price targets are marked in the chart.

Thank you and have a nice trading day ahead