ADA - cycle top between 4.7 & 6.1 USD
Cardano bounced off the 200 MA (daily), MACD on weekly turned green and broke through the previous resistance without any trouble. Our target of 2.3 USD was reached much earlier than expected and therefore, we can expect a much higher target. From a fundamental perspective, the upcoming release to enable smart contracts with the opportunity of building applications as on the Ethereum blockchain could push the price much higher on the long-term.
Potential targets could lay on the 2.6 or 3.6 extension fib. This would lead us to a price of 4.7 up to 6.1 USD.
This is not financial advice. Happy trading!
Potential targets could lay on the 2.6 or 3.6 extension fib. This would lead us to a price of 4.7 up to 6.1 USD.
This is not financial advice. Happy trading!
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