ADA bounced off the $1 support as expected in our last post - We loaded up on ADA as well!
In the bigger picture, I expect the crypto sideways phase to last around another 6 months before we see new ATHs.
Prognosis:
- ADA is likely to continue to the previous local top at $1.60.
Ideally, the price first retouches the broken downward trend area around $1.10/$1.20 - BUY OPPORTUNITY!
This would help buyers to come in at lower prices and propel the quotes with new energy!
Eventually, a convincing leap above $1.60 could free the path towards $2.20 (ATH) later this year.
- Alternatively, Cardano falls under the $1.00 support.
This could be a fake out, but possibly it would start a multi month period of weakness.
Time is on our side and I expect the bull market to get into its next phase, let it be end 2021, or mid 2022.
Then ADA is expected to profit strongly and eventually outperform Bitcoin .
In the bigger picture, I expect the crypto sideways phase to last around another 6 months before we see new ATHs.
Prognosis:
- ADA is likely to continue to the previous local top at $1.60.
Ideally, the price first retouches the broken downward trend area around $1.10/$1.20 - BUY OPPORTUNITY!
This would help buyers to come in at lower prices and propel the quotes with new energy!
Eventually, a convincing leap above $1.60 could free the path towards $2.20 (ATH) later this year.
- Alternatively, Cardano falls under the $1.00 support.
This could be a fake out, but possibly it would start a multi month period of weakness.
Time is on our side and I expect the bull market to get into its next phase, let it be end 2021, or mid 2022.
Then ADA is expected to profit strongly and eventually outperform Bitcoin .
