ADA On The Move. Cardano's Inevitable Climb to $3...Put When?!!?

May 15, 2021

A quick analysis of Cardano's Price Action over the past 2-3 weeks shows us that we might be entering into the next pull-back / consolidation range. Previous spikes above the 72-79 RSI level have been followed by approximately 9% pull-backs before continuing on to the next run up. At current prices, a 9% pull-back would put us in the range of $2.10-$2.15. In addition, there is solid psychological support at the $2.00 level now that we have broken firmly past it. While crypto is a little harder to predict, our previous trends indicated that we may seen a slightly pull-back over the next 12-24 hours, followed by a few days of consolidation, before another great run up. Mid-long term, I am incredibly bull-ish on Cardano. I would fully expect to see $3 by the beginning of June or so.

* Invest wisely and do your own DD. Nothing I say should be construed as financial advise. I am NOT a licensed financial advisor. However, I HAVE stayed at a Holiday Inn Express a few times. ;)