ADA - MORE PAIN TO COME

Cardano (ADAUSDT) should trend lower after a short rally towards the 0.5 fib level 0.6534. Owing to the bearish flag, the general sentiment in the crypto market, the bloodbath of Terra, a rising BTC Dominance, and lastly a hawkish Fed stance we may be able to see ADA at a price of 0.2 USDT after the hardfork event.

The accumulation zone ranges from 0.2 USD to 0.02 USDT (all time low).

For me personally the deeper the dive the sweeter the profits will be. Keeping in view the long term horizon till 2025 at least.

The Profit Target Price Levels are 4.125, 4.56, 5.12, 6.3, 7.2, and all the way up to 10 and 14 USDT.