ADA - Decided to post something different

31 мар. 2021 г.

Cardano ADA UPDATE:

I decided to do a little something different tonight and show some potential price targets with Trend Based Fibonacci Extension Levels.

First and foremost, ADA is still in a longterm uptrend.

If we look at the daily chart, you can see that ADA is still above its Bollinger Bands Middle Band Basis. ADA is also still consolidating in a very long Bollinger Bands Squeeze.

ADA is still above its Longterm Pitchfork Median Line. If you want to see the full scale of it then check out a previous ADA chart i posted a few weeks ago.

ADA is still above its Upper Yellow Pitchfork Support Line.

I have added 2 previous Trend Based Fibonacci Extensions to show you what has transpired before and want may transpire again with the 3rd Trend Based Fib.

Worthy of note is that the 3rd Trend Based Fibonacci Extension stays valid as is, if the candle indicated on the chart stays as the bottom for that pattern, so we don’t want any sudden crazy dips just yet.

Looking at the 3rd Trend Based Fibonacci Extension, we can see what potential price targets ADA may hit if this Bollinger Bands Squeeze ends with an upwards surge, obviously nothing is set in stone but i believe ADA will end the Squeeze with upwards momentum 👍.

Just keeping this one short and sweet. I hope this is helpful with your Trading & Hodl-ing 🔥🚀🌍🌔🪐🛸👽