ADA has destroyed the meaning of slow steady gains. I first noticed ADA in october and decided to buy in. A few days after it went on a bull run from 400-->700 but ADA crashed on bittrex and this destroyed the bullish momentum. Since then, I've always kept my eyes on ADA because I knew it had potential to rise. I believe ADA will be a coin to watch in 2018 because of what they are trying to accomplish. They're not dubbed the third generation of crypto for no reason.
ADA exploded from a mere 300-400sats to 1.6k sats within 2 days, but it did not stop there. It had a 70% retracement which brought it to a low of high 500s sats which was followed by another explosive run climbing all the way up to 3.2k sats! This latest retracement was only about 35%, which shows the market supports this new level of ADA's pricing. The lower the sell off, the higher the next run can possibly go. With the market's support at this new price, I expect ADA to have another massive run for the last and final wave of Elliot's theory. Since we are venturing into uncharted territory, it is hard to say which will be support for ADA on its way up. However, I do believe that at worst, ADA will 2x which will lead us to be at around 6k sats but based on the first two runs (which yielded a whooping 400%+ gain)... ADA has the potential to gain up to 400% or more for this last run. That is why I will be eyeing two different targets that are vastly apart.
ADA is showing multiple bullish signs. RSI is trending upward, MACD is also showing upward trend and there is an increase of volume to support such a movement.
My first target price (conservative): 6000 sats
My second target price based on previous bullish run: 12k sats
Lastly, this is, in no shape or form, investment advice. This is just my take on ADA.
ADA exploded from a mere 300-400sats to 1.6k sats within 2 days, but it did not stop there. It had a 70% retracement which brought it to a low of high 500s sats which was followed by another explosive run climbing all the way up to 3.2k sats! This latest retracement was only about 35%, which shows the market supports this new level of ADA's pricing. The lower the sell off, the higher the next run can possibly go. With the market's support at this new price, I expect ADA to have another massive run for the last and final wave of Elliot's theory. Since we are venturing into uncharted territory, it is hard to say which will be support for ADA on its way up. However, I do believe that at worst, ADA will 2x which will lead us to be at around 6k sats but based on the first two runs (which yielded a whooping 400%+ gain)... ADA has the potential to gain up to 400% or more for this last run. That is why I will be eyeing two different targets that are vastly apart.
ADA is showing multiple bullish signs. RSI is trending upward, MACD is also showing upward trend and there is an increase of volume to support such a movement.
My first target price (conservative): 6000 sats
My second target price based on previous bullish run: 12k sats
Lastly, this is, in no shape or form, investment advice. This is just my take on ADA.