ADA inverted head and shoulders prediction

2022년 5월 4일

Good day,

We are looking at the 4hour chart of ADA/USDT.

As we can see, price broke out of downward trend. Plus possibly creating an inverted head and shoulders pattern. Which is a bullish signal.

Charles Hoskinson, founder of Cardano, gave an interview at fox business. Fox Business is owned by the Fox News Media-division of Fox Corporation. Which means that Cardano is being promoted by mainstream media. [url=]foxbusiness.com/technology/ethereum-cardano-founder-explains-blockchain-technology-and-its-future

America is promoting American companies ..

Furthermore, the Vasil hard fork, which is expected to be a "big upgrade" is planned to be implemented in June.

The above in combination with a good risk reward ratio at current price could mean a good gamble for the short term.

There are some analysts that predict the price could see more downturn to $ 0.50 cents range. However, that is probably base purely on technical analysis.

Nevertheless, if you liked ADA at $1 you'll like it even better at this range, even if you feel that you don't.

Prediction: $1,50 in the coming 1/2 months.

Good day