Cardano
Panjang

Cardano ADA/USD Monthly Projection

435
Accumulation within the golden pocket/fair value gap is signaling a potential substantial mark up phase in the near future.

In the previous cycle ADA reached the 1.414 level.

The current 1.414 suggests a ~$7 target.



Nota
Price is currently interacting with the 0.618 level.

Validation - Break through the current golden pocket with separation ($1.00 - $1.64)
A strong signal would present itself as a clean break through this area displaying a fair value gap just like the previous cycle.

The relative strength index suggests room to expand further.

MACD recently crossed to the upside suggesting a momentum shift.
Nota
History often rhymes

The bar pattern projection is displayed to help visualize the potential volatility and seasonality of the cryptocurrency market.

Penafian

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