As can be seen in the chart, ADA/USD has established a textbook parabolic structure (see www.newtraderu.com ). If we further follow the pattern we should see a steep markup pretty soon, followed by a short consolidation period and another last rise, which could potentially bring us to the...
Welcome to my new ADA /BTC Analysis!
Price has printed a textbook inverse Head and Shoulders pattern over the last two and a half years. All important criteria for this pattern are fullfilled:
1: The pattern occured at the end of a downtrend.
2: There´s perfect symmetry! The shoulders are the same width and exactly two times as wide as the head. It looks like...
When looking at the weekly log chart of VeChain/USDT one can see a clear Head and Shoulders pattern with an inclined neckline. Price is just trying to break out. If it does and close above, it should skyrocket to the target shown in red over the next year.
ADA/USDT and ETH/USDT completed similar patterns and already broke out of them some weeks ago.
VET/BTC sucessfully broke out of a multi-month channel it formed since July and retested it sucessfully. At the same time it is forming an inverse Head and Shoulders pattern at the end of a downtrend, which is a good sign of a trend reversal. If it manages to close above the neckline around 100 sats we should see it rise a lot. This might happen a lot quicker than...
Cardano is just breaking out of a multi-month rising wedge it was forming. If it follows the same path as Ethereum, then it should skyrocket in the upcoming days and weeks. The chances are pretty good in my opinion when looking at the upcoming milestones in the development of the Cardano network.
This idea would be invalidated if we get a close below the upper trendline.
Would be crazy if this fractal plays out like last time. Timeframes are a bit different but market structure basically is the same like back in Summer 2019. Both corrections came after setting a new all time high.