DIYfinance

ADA long term outlook

KRAKEN:ADAUSD   Cardano
ADA has shown sideways movement for quite sometime being unable to breakout above channel. If ADA can close above 0.11 it is likely to surge and target 0.12 where there is strong resistance. If it falls below 0.10 there is a possibility of ADA plummeting to 0.086 where there is strong support. Given the market leaning towards a bullish scenario the former is more likely.

I am not a professional, just a keyboard warrior whom has watched one too many technical analysis videos on YouTube.
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