$ADA is about to make 3x next month. Why and how?
Fist thing is that its price tested the supported area successfully in weekly timeframe. weekly chart is the most trusted one when it comes into long term trading. Fibo retracement also matches with this scenario.
2nd is that the price bounced back up right at the weekly trend channel. It shows that there is a massive demand in the $0.27 area. Remember that it's always the area, NOT a single point or line.
The 3rd reason is that ADA had this type of trend in previous super 🐂 run. Now it repeats the trend again. The first step it has to reach $1 in Sep/Otc-2024. The next super bull will be around mid 2025. I expect it will have 3x after passing $1. (9x in total)
Action:
+ Spot: Really simple, just buy as much as possible.
+ Future: Every pull back in 1h timeframe is a long opportunity.
If you're scared, go home!
I don't care much about fundamental analysis. Why? Bcz when it comes into a bull run, everything will go up in a craziest way no matter what it is who's behind. JUST HIT THE DAMN BUY BUTTON!
ONE MORE THING: You need to know when it bottoms to maximize the profit .I will share all of my trading experince in the next post (including how to pick the really dip). My goal is to spread my trading strategy- The rule of time and space!
