ADA, Cardano, 0.5 Fib retrace sets up a 27x Algo target
2024-11-07

Can you feel that? the weight has been lifted...

With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this.

 Key Points: 
 
 The 2020 bull market fully retraced to 0.5 fib
 A retrace to only 0.5 fib suggests Cardano is very strong
 0.5 tested multiple times with a higher low now in
 Trump won the election - very bullish for crypto
 

 The Trade: 
 
 Entry: anywhere here. this is a monthly chart. Think bigger picture. Buy and hold.
 Algo Target: $10.33  (27x) 
 Stops: if something weird happens and this starts selling off, I'd be out under that previous low. 
 Range Expansion Target: $38.60  (100x) - less likely but who knows, might be worth keeping a small moon bag.
 We won't talk about the Elliot wave targets... too high, too much hopium
 


 D.Y.O.R.  DO NOT BLINDLY TAKE THESE TRADES.
 Never Trust. Verify.  PLEASE DO YOUR OWN ANALYSIS.
 This is not financial advice.  These are just my observations.

Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong.  Risk management is key.  Capital preservation above all else.