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altcoinb
Jun 7, 2020 2:02 PM

Cardano @ various price points using different fibs Long

Cardano / US DollarBittrex

Description

I am using the regular Pitchfork and the Inside Pitchfork to give us another angle of the possible future trajectory prices of Cardano. Remember that these are all speculative price possibilities and nothing here is intended as trading advice but mere speculative projections. As Bitcoin heads higher according to the Stock to Flow by Plan B, if Bitcoin reaches its potential target of $93,000 by middle or end of 2021 then Cardano could hit the projected price points as seen in the horizontal yellow trend lines. The different prices that I have here are $0.25, $0.75, $1,50, $3.50, and $5. This is a two-day chart.
Comments
altcoinb
I have to say Cardano is extremely bullish here breaking the upper fork trend. Amazing!
jokercvb
love the fibs
altcoinb
@jokercvb, thank you
Kingzman
5$ would be mad
altcoinb
@Kingzman, Bitcoin hitting over 90k i think very likely. If not $5 then at least below $5 but I hope I am wrong and it is a higher number.
altcoinb
@Kingzman, I don't know, now we could be looking at a possible $25 according to Cryptosrus. We are definitely more bullish than I anticipated this early in the year. Very good for Ada holders now.
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