Bullish on ADA - Next Stop at USD 0.80

Feb 25

As with the crypto market as a whole, we are optimistic about ADA. There are several indicators that suggest that this altcoin will outperform many others. There is currently a favorable entry opportunity for a long position in ADA. We are setting a tight stop loss and targeting the area just below $0.80 USD. Some Elliott Wavers give USD 0.84 as a price target. We are somewhat conservative in taking profits, as our target range includes a significant order block from May 2022, which is likely to act as resistance. However, this does not change the very bullish sentiment, so we view any Elliott analysis as support for our bullish view on ADA.

Feb 26

Note

5% up. This is how we like it

Mar 1

Note

18 % up so far.
Expecting healthy correction next week, than further up to our target

Mar 4

Trade closed: target reached