Using the bars pattern from cardano's last cycle and overlaying in the general similar areas of first break outs from previous cycle show possible scenario and price levels and timelines.
Note
ADA has moved up in price over XRP slightly even know ripple has more daily trading volume and Hodlers. This really shows the strength and support of the ADA communityNote
Shake out right before continuation to the upsideNote
ADA has followed the bar pattern moves very well but not the price action expected a little more patience only time will tell. Started to fall off and deviate around April fools dayNote
Maybe Q4 will be better for cardanoNote
The sleeping giant has awoken! Note
aPrevious fractal was similar just not correct timing, this cycles first breakout fractal is much larger in scale than previous so my current thoughts on ADA are it has just flipped its resistance into support level green dotted line. Yellow circles matching breakout fractal. Cardano should make its run at ATH in August to which it very well could peak before BTC cycle end same as it did last cycle. This is the only blockchain I have noticed this detail in their charts. It makes its ATH in the diamond and higher on the fib scale. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.