Prices have been skyrocketing since#ADAhit bottom last month. In hindsight, the rebound occurred when price hit the parallel channel bottom support line.
A parallel channel is formed by drawing a line between two bull tops and copying that line to the Corona dump's bottom.
Now that the pattern is confirmed, we can look at the next bull market top. Assuming the bull market top will be sometime in 2025, and#ADAcontinues to follow this pattern, we can assume that ADA will top somewhere above $35.
By placing our stop loss below the bear market low, we can construct an amazing long-term trade with a risk reward of over 200. It has huge potential and is worth a try for veterans. Hahaha