The 4 hour shows bullish signs for ADA as we start pumping in anticipation of the February 5th roadmap update. We see a healthy MACD and an RSI teetering on overbought. Not too worried as this sucker can pump for a while before pulling back. Mid level TK cross coupled with a bullish Kumo Twist and Chikou span breakout all green light this trade. Further confluence from the imminent golden cross of the 20&50EMA reinforce this setup. A close above the 61.8 Fib would be ideal to add fuel to the fire.
The hourly is showing strong bullish signs. MACD crossed upwards far above the center line. RSI overbought with potential divergence but I think the time for pumping ADA prior to the Roadmap update has now adjusted to sub 2 weeks. TK is angled sky high which means momentum is gaining ground. Chikou span is well above the kumo resistance and the future kumo is following suit. Last but not least we see a potential golden cross of the 50 & 200 EMA happening within the next few hours.
Note: support of 5100 along the 38.2 fib has been reinforced multiple times and will be a key level to keep in mind for future dips/sell offs.
Optimal Entry: 5551
Likely Range: 5551 - 5700
Optimal Profit: 12.5k+ (last road map pump went far above my optimal profit so this factors that in)
Interim Targets: 6560, 6894, 7364, 7975, 8675, 9725, 11475
Stop/Loss: 4999
Thank You
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I really belive in cardano. Next update (next week) will show the world the real value of cardano. The team is amazing the idea is amazing and the price is amazing as well haha
Remember the "price" shouldn't be determined as the price per token but by the market cap!
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