ADA goes parabolic
Hello everyone!
As can be seen in the chart, ADA/USD has established a textbook parabolic structure (see https://www.newtraderu.com/wp-content/uploads/2020/05/Parabolic-curve.png). If we further follow the pattern we should see a steep markup pretty soon, followed by a short consolidation period and another last rise, which could potentially bring us to the previous ATH.
This Idea can be fundamentally justified by the increase of people staking their ADA -currently over 60% of available ADA is staked- and thus making it unavailable for buying on the market. At the same time the Hype around Cardano´s Goguen Release starts which brings in more buyers.
I wish happy gains to everyone :)
Tim
As can be seen in the chart, ADA/USD has established a textbook parabolic structure (see https://www.newtraderu.com/wp-content/uploads/2020/05/Parabolic-curve.png). If we further follow the pattern we should see a steep markup pretty soon, followed by a short consolidation period and another last rise, which could potentially bring us to the previous ATH.
This Idea can be fundamentally justified by the increase of people staking their ADA -currently over 60% of available ADA is staked- and thus making it unavailable for buying on the market. At the same time the Hype around Cardano´s Goguen Release starts which brings in more buyers.
I wish happy gains to everyone :)
Tim
הערה
The Idea plays out very well so far. We are currently at Base 4. I´m expecting some consolidation here and then a last push to the All-Time-High before correcting.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.