The Weekly Overview of the Cardano ADAUSD Megabull to $5

7 Feb 2021

Hello All!

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This is a simple idea to show that the Cardano ADAUSD pair will in my opinion reach $5 roughly this 2021 Megabull as seen in my green projection. Technical analysis wise we do see ultra TWO bullish long-term bull reversal patterns via a (1) double bottom at 0.025c and a (2) rounding bottom. This sums it up nicely, the bear market is finally over and the bull market is on!

Buy/Support:
0.03800-0.03500 - HIT
0.0300-0.0258 - HIT
0.51-0.45c - Late risky buy

Sell/Resistance:
$1.30-1.40 - Previous ATH
$2.70-2.75 - Rounding bottom textbook target
$5 - Megabull Target 1 - Sell 100%* (subject to revision/readjustment if it warrants it as we near October - December 2021)

Best of luck and happy trading!
Carl M.

7 Feb 2021

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