After forming the cup and handle pattern, ADA experienced rapid growth and then created a DOUBLE TOP pattern at 1.25. Based on the classic TA, I expect a 10% drop from the bottom of M pattern(0.236 fib) and a drop to $1 KEY ZONE. Also according to Ichimoku, Cardano's most important support is in the $1 zone. The $ 1 zone also shows the DC Channel midline which is an important line to maintain the uptrend.
Then, in the mid term, I expect the price to rise to 1.25 due to the Hard fork Vasil, which will be released in June. Today, roadmap.cardano published the following sentence:
Finally, they continued preparing for the Vasil hard fork in June.
Then, in the mid term, I expect the price to rise to 1.25 due to the Hard fork Vasil, which will be released in June. Today, roadmap.cardano published the following sentence:
Finally, they continued preparing for the Vasil hard fork in June.
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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.