Why Cardano Could See a 100% Run!

BITTREX:ADABTC   Cardano / Bitcoin
This is a very simple analysis based on ratio analysis.
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400 sat level.

The Plan:
In the coming days/weeks ADAXBT should form a nice bottom pattern to help support this analysis.
I plan to gradually average in on retracements.
I hope you found this analysis interesting and maybe even a little helpful!
I wish you the best of luck!

Trade closed: target reached: Very long trade! However wouldn't you say 100% was worth it?

⇅ DepthHouse Trading Indicators ⇅
▫ Professional tools created for the TradingView Platform
▫ 14 Day Trials Available!
▫ Give me feedback!

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.