Mystic_Mystery

ADA will top out at 3.86

BINANCE:ADAUSD   Cardano
By front running where a potential 0.618 fib pullback would come to on ADA we can set a target of 3.86 if the 0.618 bounce will be at the last support zone.

Pure speculation though this has worked in the past and may help to build more confluence to try and get a nice target to sell at.

The smart contracts will be a sell the news event as the demand for the token will be low compared to coins like BNB and Solana as it takes time for the humans to feel comfortable to trust a new platform that has not been battle tested live.
Disclaimer

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.