High Timeframe Analysis | #CARDANO
$ADA — Down ~93% from ATH but recently finding strong support along a previously key support trendline. It was back at this point that price busted out of the box and headed to retest the counter trendline, solid support was struck just under $0.3000.
➡️ Where We Are Now: #ADA has retraced from this support zone and broken out of the trendline giving us hopes for a bullish continuation in the short-term.
Bullish Target: ADA is expected to increase around 622% from the current price and it's going to test the all time high yet again. ADA has a promising bullish outlook and short-term entry for long position investors is the $0.4250 range 🚀
Holders of long positions in ADA may continue holding with an uptrend ahead.
