Hello Traders,
I believe we are still in an uptrend for ADA.
Now, if there are any Elliot Wave specialist out there, who can check my work to confirm the placement of my drawing, please do!
I’ am looking for feedback on this one as I am a novice when it comes to Elliot Wave placement and percentages between each wave. But from what I do know, you can line up the Fib chart to locate the size and percentage positioning between each wave.
If I do have it placed correctly, then following Elliots theory we would be half way up the 3rd wave, before hitting the 4th.
My price prediction would land it around $1.78 before entering a ABC correction.
Fundamentally, Cardano (ADA) has been receiving more than enough good publications over the last weeks and months, leading up to the launch on the main net and successfully implementing their programming on the Testnet. Charles Hoskinson has come out saying that the official release will be this Tuesday (March 1st), permitting weather conditions... whatever that means.
But there is a lot of anticipation behind this project and the outcome of ADA officially being a useable platform.
Future outcome prediction: Next I do believe that Cardano will be listed on Coinbase sometime this year, if not beginning of 2022. The reasoning behind this timeline, in my eyes is because Coinbase is very close to their IPO. Coinbase has a lot of investors behind them and creating any new waves or potential issues would only hurt their $50+ Billion valuation. Though after they are able to get settle in the traditional market landscape and some of the dust settles, then we should start to see new coins added to the Coinbase market and yes, I think ADA will be one of them and especially if they launch of Mary Hard fork is all it’s cracked up to be.
Future price prediction: Cardano has seen a 558% +/- increase in their market cap since Jan. 1, 2021 thru Present date (Feb. 25, 2021). If we were to realize only around half that at a 250% Market Cap increase, it would be at $83,750,000,000. $83.750 Bil (m. Cap) * 31,112,500,000 (est. Circulating Supply) = $2.69 (est. end of year price point).
I believe this is a conservative increase but we have to remember that ADA has already seen a 450%+ increase this year. But if it gets listed on Coinbase and maybe even Gemini, it could dramatically increase.
Thanks and good luck!
I believe we are still in an uptrend for ADA.
Now, if there are any Elliot Wave specialist out there, who can check my work to confirm the placement of my drawing, please do!
I’ am looking for feedback on this one as I am a novice when it comes to Elliot Wave placement and percentages between each wave. But from what I do know, you can line up the Fib chart to locate the size and percentage positioning between each wave.
If I do have it placed correctly, then following Elliots theory we would be half way up the 3rd wave, before hitting the 4th.
My price prediction would land it around $1.78 before entering a ABC correction.
Fundamentally, Cardano (ADA) has been receiving more than enough good publications over the last weeks and months, leading up to the launch on the main net and successfully implementing their programming on the Testnet. Charles Hoskinson has come out saying that the official release will be this Tuesday (March 1st), permitting weather conditions... whatever that means.
But there is a lot of anticipation behind this project and the outcome of ADA officially being a useable platform.
Future outcome prediction: Next I do believe that Cardano will be listed on Coinbase sometime this year, if not beginning of 2022. The reasoning behind this timeline, in my eyes is because Coinbase is very close to their IPO. Coinbase has a lot of investors behind them and creating any new waves or potential issues would only hurt their $50+ Billion valuation. Though after they are able to get settle in the traditional market landscape and some of the dust settles, then we should start to see new coins added to the Coinbase market and yes, I think ADA will be one of them and especially if they launch of Mary Hard fork is all it’s cracked up to be.
Future price prediction: Cardano has seen a 558% +/- increase in their market cap since Jan. 1, 2021 thru Present date (Feb. 25, 2021). If we were to realize only around half that at a 250% Market Cap increase, it would be at $83,750,000,000. $83.750 Bil (m. Cap) * 31,112,500,000 (est. Circulating Supply) = $2.69 (est. end of year price point).
I believe this is a conservative increase but we have to remember that ADA has already seen a 450%+ increase this year. But if it gets listed on Coinbase and maybe even Gemini, it could dramatically increase.
Thanks and good luck!
