The general trajectory I anticipate ADA to follow towards reaching new record levels is represented by the white line. This upward movement is expected to commence with the occurrence of bitcoin's halving, projected to take place in April 2024. It is worth noting that if the price surpasses the yellow/medium or red/high risk thresholds, it may indicate a suitable opportunity to secure profits. Furthermore, during Cardano's previous cryptocurrency downturn, it was advantageous to make purchases when the weekly RSI fell within the mid 30's range, which we have recently entered, coinciding with this phase of the market cycle. When contemplating the forthcoming peak, the duration between the previous highs serves as a reliable indicator.

#cryptocurrency