I will share with you another long study about ADA CARDANO.
👉🏼 We have a weekly chart on the screen. From left to right, see that we are inside a bullish channel marked by Fibonacci zones. By touching the 100% level the asset formed the cup and handle pattern.
👉🏼 Note that the asset loses the EMA21 at the bottom of the Cup and Handle , crosses over it and on the handle retests the EMA 21 as a support.
👉🏼 Shortly thereafter there is a bull run in asset prices of 770%
💡 Realize that we have closed a loop there and that the same pattern starts over again. 1-Touch the 1,168% fiber line 2-Cup and handle 3-Loss of EMA 21 in the background 4-Breakthrough of EMA 21 upwards 5-Retest the EMA 21 on the handle.
Will we see a new Bull Run in ADA CARDANO?
If so, the target is the next 200% fibo level near $15. And what do you think of this idea? Comment there!
I hope I helped in some way. Leave your like please and comment your opinion!
⚠️Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
That's it's current market cap times 7 With 73B mcap presently,I doubt ADA will go as high as $15
GustavoCorrea1
⋅
@fabulousbigbee, Thank you very much for your contribution! But don't forget that less than 13 months ago she won in 1 single jump 20x. Will it really be hard to beat 7x in the future? You have to believe in market cycles.
farhadbanijavad
⋅
in 2021?
GustavoCorrea1
⋅
@farhadbanijavad, It is very difficult to predict when, but the impulsive movement will certainly start in 2021. But I cannot say when it will reach the top.
coolestcool
⋅
I'm agree with this
GustavoCorrea1
⋅
@coolestcool, Thank you very much for your contribution friend! let's go up!
That's it's current market cap times 7
With 73B mcap presently,I doubt ADA will go as high as $15