Hello, everyone!
Cardano shows the very nice buying opportunity. If we assume that the market is going to demonstrate the final impulse to the upside, ADA can explode in the next altseason.
The price formed the Rising Broadening Wedge and it is now next to the wedge's lower band. Moreover if we take a look at the Fibonacci Retracement for the last impulse, we can see that the price bounced exactly 0.618 Fib level, this is the very bullish sign.
The Bullish Divergence with the Profitunity MACD on the daily chart is also the very strong bullish sign.
I suppose we can see the accumulation continuation for ADA, but we will not see much lower prices in my opinion. When the atlseason start, ADA can reach the target zone, based on Fibonacci Extension, with the range $3.28 - $4.69. As you can see, the upper band is insane!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Cardano shows the very nice buying opportunity. If we assume that the market is going to demonstrate the final impulse to the upside, ADA can explode in the next altseason.
The price formed the Rising Broadening Wedge and it is now next to the wedge's lower band. Moreover if we take a look at the Fibonacci Retracement for the last impulse, we can see that the price bounced exactly 0.618 Fib level, this is the very bullish sign.
The Bullish Divergence with the Profitunity MACD on the daily chart is also the very strong bullish sign.
I suppose we can see the accumulation continuation for ADA, but we will not see much lower prices in my opinion. When the atlseason start, ADA can reach the target zone, based on Fibonacci Extension, with the range $3.28 - $4.69. As you can see, the upper band is insane!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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