ADA (Cardano) Broadening Wedge UPDATE: 19/5/2021
Kopite Analysis Daily: 19/5/2021 — ADA/USDT
We’re back! Apologies for not posting during the weekend and on 18/5, we did not post due to special reasons.
We have an update on the ADA broadening wedge which I posted about last week. ADA pulled back to $2 levels after hitting a new ATH at $2.47, and should now consolidate within the wedge area.
Should ADA stay in the wedge until July 2021, the lower boundary would be $3, a great target to look at. The upper boundary would be near $4, double of the price at the time of writing.
Stay tuned for a post on Chainlink tomorrow!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts At Your Own Risk.)
We’re back! Apologies for not posting during the weekend and on 18/5, we did not post due to special reasons.
We have an update on the ADA broadening wedge which I posted about last week. ADA pulled back to $2 levels after hitting a new ATH at $2.47, and should now consolidate within the wedge area.
Should ADA stay in the wedge until July 2021, the lower boundary would be $3, a great target to look at. The upper boundary would be near $4, double of the price at the time of writing.
Stay tuned for a post on Chainlink tomorrow!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts At Your Own Risk.)
The upper boundary of the wedge should be $5, instead of $4.