ADA/USDT has a bullish run soon!

20 ก.ค. 2021

Hi every one
Cardano / US Dollar

So ADA/USDT Is now In a Falling wedge pattern. this is of course a Bullish pattern that tells us that there is a Incoming Bullish movement! if we take a closer look we can see the Elliot waves principle! but It's a bearish one and now the price is on the 5th wave! after the completion of the 5th wave we can expect the starting of the ABC waves to be formed which is the beginning of a bullish movement! there is another reason that we think the price can't fall below 0.9 because It's a strong support which has worked for quite some time! so when the 5th wave is completed the price can reach 1.50 first and than after a correction it should go for 1.90! strongest resistance for ADA is 2.30!

summery :
ADA's strong support :between 0.93 to 1.05
ADA's strong resistance: around 2.30
Target's for now: 1.50-1.90