Gk_Aronno
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CARDANO 1week MA50 holding. Sky is the limit.
$ADA
Cardano / ADAUSD is holding its 1week MA50 for the 6th straight week.
The pattern is almost identical to the previous Cycle's:
A Channel Up (that breaks once to the downside for a short time) is used as a guide through the whole Bull Cycle. The final consolidation on the 1week MA50 intiates the final and most aggressive rally of the Cycle.
The previous one in 2021 hit the 3.0 Fibonacci extension.
Based on that, we can expect to see $9 on ADA by the end of the year.
Previous chart:
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Cardano / ADAUSD is holding its 1week MA50 for the 6th straight week.
The pattern is almost identical to the previous Cycle's:
A Channel Up (that breaks once to the downside for a short time) is used as a guide through the whole Bull Cycle. The final consolidation on the 1week MA50 intiates the final and most aggressive rally of the Cycle.
The previous one in 2021 hit the 3.0 Fibonacci extension.
Based on that, we can expect to see $9 on ADA by the end of the year.
Previous chart:
Follow us, like the idea and leave a comment below!!
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