Potential ADA 30% correction

ADA's price has reached a new ATH while MACD is around 0.1 and RSI is overbought. Each time ADA's price has peaked in the past (on the 4HR chart) with the same MADC/RSI condition, the price has corrected by ~30% not long after.

That being said, this could also be the first major impulse of the next bull cycle... only time will tell.

Commentaire:

Looking at this estimate two weeks on, it looks like a Head & Shoulders pattern is forming. If it completes, it's projected price correction will place it around the $1.15 - $1.20 area, which is an interestingly similar price target to my original 30% correction estimate.

... or it could go to the moon *fingers crossed*.

Lets see how it plays out...