ADAUSDT possible bottom
Updated
ADA-Cardano reached long-term channel bottom and it's obvious on the logarithmic chart that we have a support in 1.40-1.60$ area that I highlighted with red rectangle. I'm not saying it must start new bull-run but it's high possibility to have a new ATH in December. Because of BTC 4-year cycles and end of BTC bull-run in 2022, 5$ is a reasonable and logical Target Point(Mid-line of rising channel) that ADA can reach it by the end of December.
p.s. : This is only my personal thoughts and you must do your own research before trading.
p.s. : This is only my personal thoughts and you must do your own research before trading.
Comment
Well, reversal happened and it broke 4h trendline but still too early to talk about new ATH unless it breaks 1.9-2$ resistance area within next 10-15 days.
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