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ADA above last support zone#ADA/USDT $ADA weekly chart shows price is above middle line of descending channel that is the same with long term support zone. this support zone is between 1.272 and 1.414 fib level of last weekly swing high. 🐻 if price break down from 1.414 fib level it will continue its downtrend to lower line of channel that is the same with 1.618 fib level which is below $0😁!! 🐮 so price should hold this support and maybe in short term or mid term it has sideways moves to help bulls gather strength, and start a new rally in long term.
by parissap
ADA LONG HOLDADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone. Cardano blockchain is in the actions of implementing Vasil Hard Fork in beginning of the summer (June of 2022) we already saw first stages and after every one of them being implemented price risen so as Cardano blockchains TVL. This Hard Fork implementation will allow it to deal with more dApps and improve users experience also NasdaQ has listed Cardano as one of the coins to buy and hold forever, so once this Fork will be launched in the market we should see price sky rocket. Target 2.368 Invalidation: 0.778 Entry: 0.97
COINBASE:ADAUSDLong
by vf_investment
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