🪙💡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.
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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.
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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.
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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.
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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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