Why Cardano Could See a 100% Run!
Updated
This is a very simple analysis based on ratio analysis. [see chart below]
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400 sat level.
The Plan:
In the coming days/weeks ADAXBT should form a nice bottom pattern to help support this analysis.
I plan to gradually average in on retracements.
I hope you found this analysis interesting and maybe even a little helpful!
I wish you the best of luck!
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400 sat level.
The Plan:
In the coming days/weeks ADAXBT should form a nice bottom pattern to help support this analysis.
I plan to gradually average in on retracements.
- Stop/Loss: 355 sats
- Primary Target: 810 sats
I hope you found this analysis interesting and maybe even a little helpful!
I wish you the best of luck!
Trade closed: target reached
Very long trade! However wouldn't you say 100% was worth it? 
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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