BARSTrading

ADAUSD Extremely Bullish - Don't take this TA seriously.

Long
BINANCE:ADAUSD   Cardano

I believe the price of ADA is lagging, and it should already be past 0.32 at this time. In analyzing the previous ATH setup, I am speculating that the price will hit 0.65-0.74 by January 15, 2021. I am keeping this range because around 0.65 is the previous ATH period resistance, and around the 0.70 mark is the Fibb retracement level.
I have tried to keep a linear trend on these prices, but my linear trends are consistently broken as the price seems to be more and more parabolic.
Therefore, I have made this insanely bullish TA based on history.

This is not financial advice. If I am right, I will treat myself to a nice coffee, if I am wrong, I will treat myself to a doughnut.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.