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Technical analysis by TradingNomadic about Symbol ADA: Buy recommendation (4/26/2025)

https://sahmeto.com/message/3451676
TradingNomadic
TradingNomadic
Rank: 128
3.2

$ADA Cardano 3 rising valleys / 3 bar play!

Buy
Price at Publish Time:
$0.71182
Profit Target:
(+108.69%)$1.49
Stop Loss Price:
(-12.69%)$0.6215
Buy،Technical،TradingNomadic

Real nice look here for Cardano, with the 3rd rising valley, and now the 3 bar play, a 3 candle pattern suggesting of bullish continuation. Given this is the weekly chart, i would put a lot of weight into this and cautiously say, this is where we finally get a real move here. Daily momentum continues rising with volatility, which is a characteristic of a strong bullish trend underway. Simultaneously, the daily ADX has begun to rise once again from under the newly Bullish DX cloud. This is the earliest signal that a new bullish trend is technically underway. If the 3 bar play fails, or fails to close with this weeks candle body engulfing last weeks, id consider that a subtle red flag. Price should not make a new low under this pattern from here on out.

Source Message: TradingView
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