📈 #Cardano $ADA – Uptrend Channel
Price managed to break above the July peak opening the door for further upside within the cycle from the June low.
The rally remains supported within an uptrend channel, suggesting further gains in the coming days.
The upside target for the current cycle sits at the equal legs area of $0.214–$0.229.
That extreme zone will likely attract sellers looking for the resumption of the weekly downtrend so a reaction lower should take place from there.
#ElliottWave #Trading #Crypto
Price managed to break above the July peak opening the door for further upside within the cycle from the June low.
The rally remains supported within an uptrend channel, suggesting further gains in the coming days.
The upside target for the current cycle sits at the equal legs area of $0.214–$0.229.
That extreme zone will likely attract sellers looking for the resumption of the weekly downtrend so a reaction lower should take place from there.
#ElliottWave #Trading #Crypto