Our recommended long position on Cardano is moving towards its first target objective of 0.0000323, where partial profits can be booked. The remaining positions can be held with a trailing stop loss, for a higher target of 0.000035.
The successful retest of the breakout levels at 0.00002460 on April 14 and the subsequent bounce is a positive sign. The 20-day EMA and the 50-day SMA have also completed a bullish crossover.
Therefore, we suggest trailing the stops on the ADA/BTC pair to 0.000023 from 0.000021.