buy
Cardano Breakout Targets $1.05–$1.08 on Strong RSI
I see Cardano completing a multi-month triangle breakout and expect ADA to test $1.05–$1.08 within 2–3 weeks. The breakout coupled with an RSI around 72 supports continued bullish momentum.
I’ll watch for confirmation and manage risk with a stop below the breakout level; if momentum fades or RSI shows bearish divergence, I’ll trim exposure.
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Analysis
The technical setup shows a triangle resistance breakout and an RSI at ~71.96, indicating strong upward pressure. The pattern implies a near-term measured move to $1.05–$1.08, but momentum-based indic...
Recommendation
Initiate or add to positions on confirmation of the breakout, set a stop just below the breakout/support level, and take profits around $1.05–$1.08 while monitoring RSI and volume for signs of weakeni...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.