We all know ADA is the real deal...but...
...it's been a long road down and could be just as long going back up. I really think ADA needs to hit that $1.30. Should the shorter-term inverted cup and handle (Blue) play out, I think that will lead to the larger (Yellowish) one. This will take us right to the $1.30 mark...and then the slow, steady journey to ATH (Feb. or March, just in time for this bull market to end). If you've supported ADA for a while, you know it's the real deal...and great things don't happen overnight. On a good note, should you accumulate at these low levels, you can still anticipate almost 300% from here. These are just my ideas and definitely not financial advice. If you can zoom out on my chart to the macro, you can see these turn into a larger Cup and Handle as the ascending mode in green...the timing on the purple arrows are obviously a shape using resistance levels with no function of time. On other coin analyses I've done, people often comment on H&S patterns...although not exactly the same, they do make the same shape as your C&H's, with the same price targets...so no need to let me know. That being said, let me know if I'm missing anything in the short term. I do think ADA is building one of the best platforms for the decades ahead and for the right reasons.
I didn't chart it on here, but another scenario, where the bottom is already in: Ascending channel from our two humps on the 2hr., using the 1.4187 as the low, bringing our next support around the $1.47-$1.50, depending upon when it decides to drop. Again, not financial advice, just different scenarios. Unfortunately, I think these are the best path forward, given the hole that's been dug.
I didn't chart it on here, but another scenario, where the bottom is already in: Ascending channel from our two humps on the 2hr., using the 1.4187 as the low, bringing our next support around the $1.47-$1.50, depending upon when it decides to drop. Again, not financial advice, just different scenarios. Unfortunately, I think these are the best path forward, given the hole that's been dug.
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