Cardano ($ADA) has gone parabolic and to the moon! Price has more than doubled since the breakout on 12/16. As new all time highs are made, it is very difficult to predict a short term target as there is not any history or pullbacks to adequately project this. Therefore, I have used the 4 hour chart and the pullback from Sunday to project a target of 3069 Satoshis, based on an equi-distant move of the height of the triangle. This target does coincide with the outer Bollinger Band (2.5x STD DEV) and so I feel it is as good a target as any.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.