Hello friends!
Just a quite update to discuss price targets for the rest of this month.
ADA/USD has started its next leg up sooner than expected and is showing considerable strength that is likely to persist through the end of the month.
Candles will be closing in the next couple of days that will let us look into early June to see how long this upward momentum will continue, but for now it looks like there is very little to keep it from continuing for the next couple of weeks.
With LSMA having increased, the Bolllinger bands have widened, and we have confirmation of sustained upward momentum, thus I am increasing my price targets for June 1.
Previous targets (most likely between orange and red B-bands)
Low (aqua B-band) 2.03
Medium (orange B-band) 2.81
High (red B-band) 3.57
New price targets (again, likely between orange and red B-Bands)
Low (aqua B-band) 2.46
Medium (orange B-band) 3.1415926
High (red B-band) 4.00
Note that prices could slow their ascent and stay around the aqua B-band, but most likely it will be in the upper orange to upper red, with a possible wick above the upper red.
There is no indication yet of a notable risk of retracement, but as always, manage your risk during times of major change and volatility.
Good luck and good fortune!
Just a quite update to discuss price targets for the rest of this month.
ADA/USD has started its next leg up sooner than expected and is showing considerable strength that is likely to persist through the end of the month.
Candles will be closing in the next couple of days that will let us look into early June to see how long this upward momentum will continue, but for now it looks like there is very little to keep it from continuing for the next couple of weeks.
With LSMA having increased, the Bolllinger bands have widened, and we have confirmation of sustained upward momentum, thus I am increasing my price targets for June 1.
Previous targets (most likely between orange and red B-bands)
Low (aqua B-band) 2.03
Medium (orange B-band) 2.81
High (red B-band) 3.57
New price targets (again, likely between orange and red B-Bands)
Low (aqua B-band) 2.46
Medium (orange B-band) 3.1415926
High (red B-band) 4.00
Note that prices could slow their ascent and stay around the aqua B-band, but most likely it will be in the upper orange to upper red, with a possible wick above the upper red.
There is no indication yet of a notable risk of retracement, but as always, manage your risk during times of major change and volatility.
Good luck and good fortune!