CARDANO ADA Swing trading setup

ADA as a major altcoin shall benefit from the BTC's ranging price. Considering previous ADA's distribution there is a possibility of a breakout towards the target. Trade is invalidated if price goes down through the Demand zone.

Details on the chart.

Trade ist aktiv:

Still in consolidation phase, market makers are consolidating and creating liquidity by stop hunting within the price range 2.2. - 2.5.

Hopefully we are looking into a Three Tap setup is forming and to the Moon and back!