Over the past two weeks, ADA made impressive gains vs Bitcoin: +34% last week and +26% the week before.
In USD terms, ADA has already made a new all-time high. Yet in BTC terms, it’s still far below the levels seen in the summer 2020 or March 2019 (let’s not even mention 2018…).
We decided to check if the rally would continue and asked Cindicator’s Hybrid Intelligence the following question:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00001019 BTC at 11:25 AM UTC at the Binance exchange on Monday, January 18. Will ADA/BTC trade above 0.00001171 BTC (+14.95%) earlier than trading below 0.00000867 BTC (-14.95%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 79%
This means that Hybrid Intelligence believes there is still a high probability that ADA would continue to appreciate against Bitcoin before any major correction.
In USD terms, ADA has already made a new all-time high. Yet in BTC terms, it’s still far below the levels seen in the summer 2020 or March 2019 (let’s not even mention 2018…).
We decided to check if the rally would continue and asked Cindicator’s Hybrid Intelligence the following question:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00001019 BTC at 11:25 AM UTC at the Binance exchange on Monday, January 18. Will ADA/BTC trade above 0.00001171 BTC (+14.95%) earlier than trading below 0.00000867 BTC (-14.95%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 79%
This means that Hybrid Intelligence believes there is still a high probability that ADA would continue to appreciate against Bitcoin before any major correction.
Trade closed: target reached
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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.