Skyrexio | Cardano ADA Will Drop Before Altseason
2025-01-25
Category: None

Hello, Skyrexians!

We have already observed  BINANCE:ADAUSDT  recently, now it's time update it. This is one of the strongest assets in this bull run. While most of altcoins are trying to escape the water, Cardano is already in the sky. Moreover correction is not so strong for this crypto.

On the daily time frame we can see the first impulse as a wave 2. Recently we supposed that corrective wave 2 has been already finished with this beautiful green dot on the  Bullish/Bearish Reversal Bar Indicator    inside the 0.5 Fibonacci zone, but growth from the bottom was not impulsive. This behavior gives us a hint that this is only wave B in the flat correction. 

If our assumption is right wave C shall retest the wave A bottom. The green dot on this indicator is going to become the great re-entry opportunity if you still don't have a position for ADA. The next wave 3 is going to be insane, targets you can find in our previous analysis.

Best regards,
Skyrexio Team

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