Possible targets for ADA for the next 3-4 months, based on FIB extension with fractals.
Early Jan 2022 - FIB 2.618: €5,55 (~$6,46)
Late Feb 2022 - FIB 3.618: €7,36 (~$8,57)
Assuming the bull market cycle extends into Q1 2022
Let's see if we will be able to buy it cheaper. Although there is a chance we won't get such cheap prices I think we may see the continuation of the correction in ADA. If BTC drops we may be able to buy ADA for cheap (1.4 € or even at or below 1€)
I'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
Based on the data on the last months push and this months correction. I have placed my bets that cardano will go back to restest 1.60 and then continue its upward move back to all time high and then to newer highs.
This is my prediction for ADA for the ongoing hours, seems it fails and continue the downtrend and it will fall under 1.90 Euro.
For me that's a a buy signal, but if ADA doesnt get up on its feet like other alts, then thats going to be an issue,
Smart contacts will elevate the price if successful. Will see.
Last analysis didnt work out completely. The ADA-EUR pair is still hanging below past ATH.
We now see two triangles: a big somewhat ascending triangle, with a smaller inside it.
let see how this work out.
Will long after a retest of the break-out. Red path!