Another take on ADA (Cardano)

22 Mar 2021

ADA is in a symmetrical triangle on a larger timeframe, and we can expect to see a massive move (up to $2) when this wedge likely breaks out upwards. Shorter term, I expect a bounce at $1.15, respecting the sloping resistance, followed by a bounce back down at the all time high resistance right around $1.45. After a bounce back up at the $1.32 supply zone, ADA will be set to skyrocket and make another massive bull leg up. $2 is my mid term target, and $5 is my end of year target. If you have any questions feel free to comment!