micjmor69

ADA Correction Almost Over?

Long
BINANCE:ADAUSDT   Cardano / TetherUS
In the past year or so, ADA has gone through frustrating phases where it does nothing or has a large correction. But these corrections have been followed by parabolic rallies. Every one of these corrections/consolidations has lasted 10 weeks, and this current correction will have lasted 9 weeks after this weekly close. I think next week we could bottom out (possibly could have a retest of 1.81) and then, when Bitcoin breaks the all-time high at 67k, ADA could see a massive run-up to around 4.30-4.40, which are my targets based on fib levels.
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