Here is my updated assessment based on the current price and indicators:
1. Course level: The price is at 1.0607 USD, indicating a bullish continuation.
The sharp rise suggests increased momentum, possibly driven by new buyers.
2. Indicators: MACD: Showing a bullish crossover and confirming the current momentum.
RSI: At 79.68, indicating that the market is overbought in the short term. A correction could occur soon.
SMA/Moving Average: The price remains above the moving averages, a strong bullish signal.
3. Volume: The volume is increasing moderately, which supports the upward movement. Further volume growth could indicate a breakthrough above $1.10. --- Next goals and strategies
1. Next resistances:
1.10 USD: Short-term resistance.
1,20 USD: Medium-term target if the price continues to show strength.
1.60 USD: Long-term target based on Elliott Wave Theory.
2. Supports: 1,03 USD: Support on pullbacks (my previous profit-taking area).
1.00 USD: Psychological level and support. --- Recommended measures
Option 1: Continue to secure profits Partial sale at 1.10 USD: Realize another 20% of your position if the price reaches this level. The input text is empty, please provide a valid source text. Stop-Loss: Move the stop-loss to $1.03 to secure the previous movement.
Option 2: Hold position - optimistic Target the next resistance at $1.20, and hold the position while setting a trailing stop loss (e.g. 5% distance).
Option 3: New entries on pullbacks If the price falls back to 1,03 USD and stabilizes there, an additional entry could be interesting. --- Result The price continues to show strength, but with the RSI in overbought territory, a correction is possible. Taking profits at $1.10 and trailing the stop-loss would be a prudent strategy.
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Masa74
· 01-03 11:33
To Da Moon 🌕To Da Moon 🌕To Da Moon 🌕
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GateUser-27e71a48
· 01-03 11:24
Gateio
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BTNetwork
· 01-03 11:04
We provide high-quality analysis that is open and accessible to everyone, even without a subscription.
🪙💡Cardano: next goals and strategies
Here is my updated assessment based on the current price and indicators:
1. Course level:
The price is at 1.0607 USD, indicating a bullish continuation.
The sharp rise suggests increased momentum, possibly driven by new buyers.
2. Indicators:
MACD: Showing a bullish crossover and confirming the current momentum.
RSI: At 79.68, indicating that the market is overbought in the short term. A correction could occur soon.
SMA/Moving Average: The price remains above the moving averages, a strong bullish signal.
3. Volume:
The volume is increasing moderately, which supports the upward movement. Further volume growth could indicate a breakthrough above $1.10.
---
Next goals and strategies
1. Next resistances:
1.10 USD: Short-term resistance.
1,20 USD: Medium-term target if the price continues to show strength.
1.60 USD: Long-term target based on Elliott Wave Theory.
2. Supports:
1,03 USD: Support on pullbacks (my previous profit-taking area).
1.00 USD: Psychological level and support.
---
Recommended measures
Option 1: Continue to secure profits
Partial sale at 1.10 USD: Realize another 20% of your position if the price reaches this level.
The input text is empty, please provide a valid source text.
Stop-Loss: Move the stop-loss to $1.03 to secure the previous movement.
Option 2: Hold position - optimistic
Target the next resistance at $1.20, and hold the position while setting a trailing stop loss (e.g. 5% distance).
Option 3: New entries on pullbacks
If the price falls back to 1,03 USD and stabilizes there, an additional entry could be interesting.
---
Result
The price continues to show strength, but with the RSI in overbought territory, a correction is possible. Taking profits at $1.10 and trailing the stop-loss would be a prudent strategy.
This is not financial advice.
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