ADA Bull run price prediction to $8.81 using Elliot Wave Theory
We can see that ADA is in an impulsive (12345) wave in this cycle and currently ADA is in wave 4 retracement from wave 3. The wave 3 exactly hit the 1.618 fibonacci extension target drawn from Trend Based Fibonacci extension from wave 1 and wave 2 at the high of $2.48. Now we are seeing the retracement of wave 4 and using fibonacci extension it seems like it will retrace back to 0.618 level which is around $0.94.
After the end of wave 4, we will see a move upwards for wave 5 which will be equal to wave length of wave 1. Using the Trend Based Fib Extension the level of target of wave 5 would be around $8.81. This is my price target for ADA for this bull cycle. ($8.81)
Now if we are in a supercycle like many predict and alts start exploding upwards later at the end of this year, then price target could be upwards of my target of $8.81.
P.S - Right now as everything is crashing, it looks like all hope is lost and there's nothing but dark gloomy bear waiting around the corner. Sure this month is going to be a bloodbath and it WILL be ugly but we ought to look right in the soul of this bear run and when we come out of this - Valhalla will be waiting for us all crypto cowboys!!.
P.P.S - This is not financial advice. La hasta!
After the end of wave 4, we will see a move upwards for wave 5 which will be equal to wave length of wave 1. Using the Trend Based Fib Extension the level of target of wave 5 would be around $8.81. This is my price target for ADA for this bull cycle. ($8.81)
Now if we are in a supercycle like many predict and alts start exploding upwards later at the end of this year, then price target could be upwards of my target of $8.81.
P.S - Right now as everything is crashing, it looks like all hope is lost and there's nothing but dark gloomy bear waiting around the corner. Sure this month is going to be a bloodbath and it WILL be ugly but we ought to look right in the soul of this bear run and when we come out of this - Valhalla will be waiting for us all crypto cowboys!!.
P.P.S - This is not financial advice. La hasta!
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