ADA has been stagnant for a while, and some of the investors are growing impatient. However, people do not realise that an explosion is about to come for ADA. After his incredible run in the past year, ADA presents a strong army behind with significant adoption ahead.
The TA shows that ADA is flirting with the 200MA, which has created strong reactions for the last 1 and a half. The price is squeezed between 50 and 200MA, forecasting strong volatility. BB is wholly narrowed for some time which suggests an explosion is brewing. Nevertheless, we can recognise 2 patterns. A descending wedge and bullish pennant are about to be completed. The first target in the next 2 weeks is 3.8. However, my bull run targets are 10.7 and 21.8 as the top. The bear market will bring us back to 1.3 with many rekt.
The TA shows that ADA is flirting with the 200MA, which has created strong reactions for the last 1 and a half. The price is squeezed between 50 and 200MA, forecasting strong volatility. BB is wholly narrowed for some time which suggests an explosion is brewing. Nevertheless, we can recognise 2 patterns. A descending wedge and bullish pennant are about to be completed. The first target in the next 2 weeks is 3.8. However, my bull run targets are 10.7 and 21.8 as the top. The bear market will bring us back to 1.3 with many rekt.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.