Cardano (ADA) Bullish Scenarios

ADAUSD

ADAUSD

$2.45 seems to be the next target (Fibonacci level) if the movement breaks out of the coil. Also bear in mind that there was a rejection at 2.25 multiple times.

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Apparently, price bounced off of the upper bound of the blue channel, following the yellow path. Price will accumulate with this boundary as the support for some time.