$ADA TARGETS

Not financial advice but personal analysis.

The price is going down as I expected in the last couple of days.

Why? We are trading inside a decending channel marked by red upper and lower lines, the last pump yesterday did not break high enough to reach the last high around the 0.95, and now it is retracing. Also the initial pump from 0.6814 to 0.9877 only retraced back to the 0.5 fib level back to 0.8217, I would expect the price to pull back at least to the 0.618 level (0.8 to 0.78) before we break above.

Additionally, I heared a rumer as a first time trader that normally in September the crypto and stock markets crash, this is also aligned with the fact that the FED interest rate announcements are not due until mid to late September.

Let me know your thoughts 😬 is this better drawing skills 😂😂😂