$UTK We booked 350% Profit in recent Bullish wave. Again | Trisha Saha on Binance Square

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Bullish

$UTK 
We booked 350% Profit in recent Bullish wave.
Again Broken Bullish Pennant and looking prepared to send it towards $0.20 in Midterm ✍
#UTK 

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Recently, I made a post about the bullish setup of $ADA . Structurally, nothing has changed as it's still bullish though, but it may take some more time to play out. Let’s look at this as objectively as possible. In the previous cycle, after breaking out of the accumulation zone, ADA experienced ca. 50% drop, retesting the previous major resistance as support for around two months. This cycle, ADA has shown strength by escaping the accumulation zone, but the correction has only been slightly above 40%. This suggests the possibility of further downside to around $0.66 (ca. 30% lower from here) before aiming for new highs - if history repeats. Nice confluence is that 1W RSI topped on similar levels as previously, but hasn't retested lower levels as it did in the past. While not necessary, this remains a possibility if the market pulls back further. I'm using ADA as an example because of the clarity of its structure, which hints at a potential 30% downside before moving higher. If this scenario unfolds, aggressive price action could be delayed by 1–2 months, potentially extending into Q2.

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