Cardano Reappears '2020 Explosive Surge'?💥
Analyst Quantum Ascend says, #ADA chart is recreating the fractal pattern before the big rise in 2020. The conservative target is $4.88–$5.50, with a bull market extreme target of $10.40!
He is focusing on the slow-moving triangular structure on the weekly chart, and the E wave may be about to start. Short-term support is in the $5 area, with various technical convergence points indicating this is a safe buying zone.
Risk Warning: Although the structure is bullish, the current volatile trend may still pull back to around $4.88, and a prudent approach suggests a staggered layout.
Macroeconomic View: Quantum Ascend believes that the overall market adjustment is nearing its end, and by the end of the year, ADA may outperform Bitcoin; $10 is not a pipe dream!
