ADA-4h. The next target is $0.4.

9 ม.ค. 2021

An interesting deja vu occurs when we look at the ADA. Deja vu with XRP coin. Yes, of course coins are different in the nature of price movements. However, they have common liquidity ranges, from where local reversals are possible.

The target of our previous idea worked out and the buyers managed to significantly exceed our expectations. Currently, ADA volumes are in 10th place in the ranking of all cryptocurrencies.

Its aggressive growth since January 4 was 70%. It was after the breakthrough and retest of the trend line, which restrained buyers from November 24, that things in the ADA market improved significantly. However, it is worth noting that at the end of 2017, the historical high of the ADA was around $1.2. At the moment, the price of ADA is $0.333. BTC has long updated its historic high, ETH on the way to it. Therefore, the prospects for Cardano are great.

There are two obstacles: $0.4 and $0.6. If you look at our recent idea for XRP - you will see similar figures. It is this fact that adds a touch of competition between the two projects.

The $0.25 mark is a critical point of the current optimistic scenario. Below it, the sellers will confidently take power into their own hands.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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