Hello, Skyrexians!
In our recent analysis on
ADAUSDT we predicted the price growth above $1.20 when the price was $0.37. When price reached the $1.30 we told you that it's time for retracement to $0.8. Cardano reached exactly this target and has already bounced. You can find all this predictions in this article. Now it's much more important to understand what is the next move.
Let's take a look at the daily time frame. After reaching the local top price has printed red dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] and dumped -40%. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView.
Dump has been stopped inside the Fibonacci 0.5 zone with the green dot on this indicator. This is the strong sign that corrective wave 2 has been finished. The next target is 1.61-2.61 Fibonacci extensions. We suppose that price can reach $2.5-$3.5 in January-February 2025.
Best regards,
Skyrexio Team
___________________________________________________________
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In our recent analysis on
ADAUSDT we predicted the price growth above $1.20 when the price was $0.37. When price reached the $1.30 we told you that it's time for retracement to $0.8. Cardano reached exactly this target and has already bounced. You can find all this predictions in this article. Now it's much more important to understand what is the next move.Let's take a look at the daily time frame. After reaching the local top price has printed red dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] and dumped -40%. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView.
Dump has been stopped inside the Fibonacci 0.5 zone with the green dot on this indicator. This is the strong sign that corrective wave 2 has been finished. The next target is 1.61-2.61 Fibonacci extensions. We suppose that price can reach $2.5-$3.5 in January-February 2025.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.