Cardano Showing signs of 2x rally from here
What you see in the chart is a map of Accumulation that has been going on for ADA for over a year and half now.
The accumulation matches perfectly with Wyckoff Accumulation models. So far it has made its way to Phase B. This calls for a short-term rally and if the rally follows the model, then it is likely to hit the resistance Lines, which stand at 42 and 47 cents. It's almost 2X from here.
From there on we should start dipping and go to new lows to find the Spring to begin the next massive bull run to 7- 10 dollars by last quarter of 2025.
Now there is also a possibility that it may not create a new low after hitting the resistance lines, in that case it would be a Wyckoff Model 2 Schematic As shown below.
Now, if it does follow Model 1 Accumulation, the following chart shows where ADA can find the spring.
The accumulation matches perfectly with Wyckoff Accumulation models. So far it has made its way to Phase B. This calls for a short-term rally and if the rally follows the model, then it is likely to hit the resistance Lines, which stand at 42 and 47 cents. It's almost 2X from here.
From there on we should start dipping and go to new lows to find the Spring to begin the next massive bull run to 7- 10 dollars by last quarter of 2025.
Now there is also a possibility that it may not create a new low after hitting the resistance lines, in that case it would be a Wyckoff Model 2 Schematic As shown below.
Now, if it does follow Model 1 Accumulation, the following chart shows where ADA can find the spring.
Penafian
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