I made this chart to light up a friend who was going to buy ADA back in February. I've been following it pretty closely and I believe Cardano is about to make a huge move up.
The new trend line is very sound on the 4h. It's bounced off it 4 times now. When it drops below the middle band its usually sudden, followed by a quick bounce back up. The bands are now widening with candles staying high towards the upper band. I think it will retrace closer to the middle band, maybe below it, then skyrocket upwards past resistance.
It's now testing a resistance at $.083 that goes back to Nov 18. I'm long af on Cardano and don't plan on selling at a target any time soon, but I see this going to $.12 easily and (probably) quickly.
The new trend line is very sound on the 4h. It's bounced off it 4 times now. When it drops below the middle band its usually sudden, followed by a quick bounce back up. The bands are now widening with candles staying high towards the upper band. I think it will retrace closer to the middle band, maybe below it, then skyrocket upwards past resistance.
It's now testing a resistance at $.083 that goes back to Nov 18. I'm long af on Cardano and don't plan on selling at a target any time soon, but I see this going to $.12 easily and (probably) quickly.