1.618 Fibonacci extension of bear market 2018-2020;
3 Fibonacci extension of III-IV correction in bull market 2020-2022;
extension of green, dashed trend line through I and III;
target of similar move starting from the purple arrow to III; (see explanation below).
Nice comparison: I-II-1-2 versus B-C-IV-1-2, both
start at top of correction (I-II and II-IV);
correct to bottom of correction to test the yearly VWAP (blue line);
then break the top of correction;
and come down to test the 0.618-0.786 for support;
while having a VWAP gap between 2 and purple arrow.
When copying the bars that followed (purple arrow to III) and pasting it at the current price position, a similar move would bring us exactly at ~$22 end of this year.
Hi Gert it’s JohnO - the very likely target for end of year still 4.80? Still wondering
kosersen
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@CryptoCardano, Gert does not calculate the circulation supplies while he was just drawing like that. He is just a kid. Someone should tell him there is such no money in the world. ADA cannot go such as he drew. Imposible :))