ADA/USD $2+ by May 16, but May 21-24 more likely

Hi friends!

As promised, here is an update on when we can expect ADA/USD to breakout to a new ATH in light of the the recent flash crash and rebound (short squeeze).

Summary:
- For the remainder of this week, there is still downward momentum despite a nice rise in prices to the 1.20 region.
- Indicators suggest volatility in the next week with prices likely to test 1.03 again, but also a chance to range up to 1.20+ again
- A risk persists of a drop below 1.00 before a reversal to sustained upward momentum
- Price targets for May are between 2.00 and 2.30 at present, but may chance based on balance of momentum in the next week
- The earliest we can expect a sustained breakout to the upside is now mid-May (around May 16)
- It could take until May 21-24 before downward momentum has exhausted enough for all indicators to be above level 50 and the next wave of the bull cycle to start



Good luck and good fortune!