Today, Cardano is jumping upon breaking news that Grayscale is adding it to its inventory!
In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months.
Prognosis:
- Likely: ADA is breaking above the resistance of top with the green (4) at $1.40.
Ideally, the price continues on to the medium term target of $1.60 (green top number 3).
Eventually, if prices are strong a gain to >$2.20 later this year is possible.
- Alternatively, ADA goes down to around $1.10/1.20 to gather energy - BUY opportunity!
Medium term target is $1.60 from the last local top (green 4).
Eventually, a strong recovery later this year is expected.
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, ADA has been affected by crypto market weakness. I expect this to last around another 6 months.
Prognosis:
- Likely: ADA is breaking above the resistance of top with the green (4) at $1.40.
Ideally, the price continues on to the medium term target of $1.60 (green top number 3).
Eventually, if prices are strong a gain to >$2.20 later this year is possible.
- Alternatively, ADA goes down to around $1.10/1.20 to gather energy - BUY opportunity!
Medium term target is $1.60 from the last local top (green 4).
Eventually, a strong recovery later this year is expected.
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 .
