Only two weeks have passed since the publication of our previous idea ADAUSDT. During this time, buyers were able to skillfully buy back the torrential fall and fix the price above the level of $0.92, which we mentioned in the previous idea. And then, as they say, it is already a matter of technology, and it is quite easy to get +60% growth. The price reached ATH and even updated it a bit. This 60% increase was underpinned by news of the launch of a partnership between COTI and Adapay with the Cardano foundation.
In the digest "Bitcoin weekend" №11 you voted to make our analysis of the ADAUSDT pair. Therefore, let's figure out what prospects await us.
In principle, updating the absolute price high is a very costly process both in terms of news and in terms of resources. But a similar situation, relatively recently, we had on the MATICUSDT chart and how can you see the idea cool worked.
Well, if we continue the parabolic growth, which is now working out pretty well on ADAUSD, then by the end of the month and the first quarter, we can get growth to $4.30-5.15. While this is an incredible scenario, but probably very few people expected x6 from Matic in 1.5 months.
Please write in the comments which news on Cardano you expect to be worked out by the end of the month, and that they can help in such theoretical frenzied growth!
A negative scenario should be considered if the price consolidates below $0.97-1. Now very few people look in his direction, a lot of users believe in the rise in the price of ADA _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
@Dexon777, I have a similar opinion. There's Bearish RSI divergence on daily timeframe, three peaks with lower and lower RSI. Such growth isn't sustained, I believe in the project but prices are extremely inflated right now. But I expect one more pump before the price corrects massively.
gotobaber
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@Dexon777, I agree with you, what do think about bnb ?