How long can Cardano continue to rise? After all, we are already 7 weeks into the trip to the moon and have currently broken through the extended Fibonacci 5,618. At least the weekly is looking pretty bullish. The ema's are starting to widen (trend strength is increasing) and also the rsi continues to move up beautifully with now twice a test on the ema had. Let's start zooming in quickly.
Weekly chart: https://www.tradingview.com/x/DWWKvtyX/
On the daily it is easy to see that ADA has been printing green candles for 10 days. Again, the ema's are steadily trending upward with equal trend strength. The rsi seems to be cooling down a bit at the moment, the ema is a point of interest. Bouncing is further up, breaking is (temporarily) looking for a lower level. There is not much else to conclude, so we zoom in a bit further.
Daily chart: https://www.tradingview.com/x/JRA7PRIj/
Here we can already see that the price is cooling down a bit. A bearish divergence has been formed whereby the rsi has also dived below the ema and is hanging on the 70 level. The ema's are still otherwise well bullish, any retrace would only be a breathing pause and not something to worry about immediately. The inefficiency block which has confluence with the golden pocket is an interesting point to go to when the bear div continues.
4h chart: https://www.tradingview.com/x/XBga3dXD/
Conclusion:
Longterm Cardano is bullish, but in the course of time I do expect a retrace towards 68 - 77 cents. With support below that at 54 cents and at 44 cents. When the 90 cents is flipped to support then the next resistance Cardano will encounter is just above $1.