WEEKLY; left. ONE HOUR; right. VeChain just won't stop. We've built good support above the 4.236 fib at $0.1956, currently trying to complete a bullish inverse head and shoulders to $0.30. Invalidated below the dashed support line at $0.021, buy the dip.
I just want to illustrate for those in the red that Cardano has held up vital ATH support. While price action did break down due to external politics, we had a new weekly candle open today ABOVE SUPPORT. Yesterday's dump looks healthy so long as the green line is held, breakdown from here would ruin our continuation. I maintain a continuation is very likely.
Back below this magic line again, here's how the breakout can occur. It certainly seems to be making a head and shoulders in this channel, which is specifically above all-time-high support. Very bullish indeed.
Clear continuation in the two day time frame, It looks like this leads to $2 in the next weeks. If you would point your attention to the @WyckoffMode "Phoenix Ascending": The last time the green energy went from 50 to 100, the price of Cardano tripled $0.30 to $1 in this timeframe. Everyone comment something, who cares what the price does for a few years? I think...
Long to test $0.13 after support formation. Great work if you bought with me from $0.03 to $0.05, we've more than doubled our position. I think VeChain is in the position to come out on top of the industrial-coin market, working with Walmart and other big businesses to reinvent supply chain/product data.
Volume cycle complete from $0.10 prices. No signal, I personally think this wave is consolidation enough to never see $1 again. To find price targets, we can use ratio's to ETH's market cap , because Cardano is definitely generations ahead in technology. ;)
ADA 38.7B - ETH 237B
At 16% the size today, $6 ADA would match todays ETH valuation.
100B will mean a...