Cardano ADA Continues Outperform The Market In January
2025-01-03
Category: None

Hello, Skyrexians!

In our recent analysis on  BINANCE:ADAUSDT  we predicted the price growth above $1.20 when the price was $0.37. When price reached the $1.30 we told you that it's time for retracement to $0.8. Cardano reached exactly this target and has already bounced. You can find all this predictions  in this article . Now it's much more important to understand what is the next move.

Let's take a look at the daily time frame. After reaching the local top price has printed red dot on  Bullish/Bearish Reversal Bar Indicator   and dumped -40%. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our  article on TradingView .

Dump has been stopped inside the Fibonacci 0.5 zone with the green dot on this indicator. This is the strong sign that corrective wave 2 has been finished. The next target is 1.61-2.61 Fibonacci extensions. We suppose that price can reach $2.5-$3.5 in January-February 2025. 

Best regards,
Skyrexio Team

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