ADA had a phenomenal run in 2020/21. It has reached to a full 4.236 fib. ext based on the rally prior to capitulation where .236 is sitting on top of. Even though i think ADA still has i bit more to go. Not to much but still 200-300% could still be in the play here.
To get the final clue where the final target could be, we have to extend fib. levels over the full 2017 bull run. (level 1 sitting at ATH, 0 at the low). If we do that than the full 4.236 extension gets us to around $5.5. (will show that below in the update)
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
ADAUSD
To get the final clue where the final target could be, we have to extend fib. levels over the full 2017 bull run. (level 1 sitting at ATH, 0 at the low). If we do that than the full 4.236 extension gets us to around $5.5. (will show that below in the update)
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
ADAUSD
Comment:
LTC did the same thing. Rally prior to capitulation (.236 lvl) indicates the first profit take in 2017 at 4.236 extension.
Comment:
Then when we fully extend those levels over the 2013 bull run we can see that price has reached even higher than the 4.236 extension. For ADA that would be $7 but i would not bet on that.
Investing in it now however is a bit to late if you are looking for a percentages.