CardanoLong
Cardano ADA/USD Monthly Projection
Accumulation within the golden pocket/fair value gap is signaling a potential substantial mark up phase in the near future.
In the previous cycle ADA reached the 1.414 level.
The current 1.414 suggests a ~$7 target.
In the previous cycle ADA reached the 1.414 level.
The current 1.414 suggests a ~$7 target.
Note
Price is currently interacting with the 0.618 level.
Validation - Break through the current golden pocket with separation ($1.00 - $1.64)
A strong signal would present itself as a clean break through this area displaying a fair value gap just like the previous cycle.
The relative strength index suggests room to expand further.
MACD recently crossed to the upside suggesting a momentum shift.
Note
History often rhymes
The bar pattern projection is displayed to help visualize the potential volatility and seasonality of the cryptocurrency market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.