I expect Cardano to push towards the ATH after hitting the low of 1.87. However, expect ADA to drop a little bit more to the 1.90 level as indicated to cover stop losses before the push towards the ATH. Using the Fib, we expect ADA reaching the level of 2.7 once it breaks this ATH.
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Expect ADA to retrace back to the levels around 2.25 - 2.20. If sell-off continues, levels at 2.08 - 2.05 to be covered, the wick of the candle will for sure hit the levels between 2.03 - 2.00.
Is ada still gonna go up or is it gonna be bearish the next few days
imightbeadesigner
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@Majeed10, Ada will still go up, however, with that being said ADA is at an exhaustion phase. It is hyperextended from the $2.00 level. So expect some quick/flash drop to take out some stop losses before continuing its run. From TA POV, it shows that $2.7 is likely before this flash crashes.