About meBefore becoming focused on Forex and cryptocurrencies, my investment journey began with me buying stock in Nvidia Corporation for $19 a share back in 2011. After seeing it soar to $180, the rest was history.
We have a few things to consider. First, Shib is in parobolic state. We know eventually a correction will come. Also we are in a massive Cup formation. However, the handle has not been created on the daily chart. If the handle would be created, we can expect a Fib retracement between the 61.8% and 78% region. After that, the first target zone should be hit. The...
ADA looks to be headed to the golden ratio of this recent impulsive leg that was established based on Smart Contract launch. This correction should bring us back into the box area before we resume higher. This could serve as a good loading zone. If loading zone doesn't hold, we can see more downside pressure.
Look for price to pull back into bottom box to complete an head and shoulders on the 4hr chart. After that, look for buying pressure to enter the market to take us to New All Time Highs. First target $3.70 then $4.50, then $6.50 to $7.80 based on the fib extensions of the recent bullish impulsive move.