All is really self explanatory on the chart. Not financial advise just largely speculating on how ADA will play out over the next few months. Lets see if I'm right. Here are my thoughts...
After the a re-test of the bearish head and shoulder pattern ADA is currently facing; We will most likely see a break down from this to around 0.0664861 by mid to late Sept. Afterwards, ADA will find itself in a descending broadening wedge slowly dropping to lower lows with several fake-outs (bulltraps or short lived rallies) until mid Dec. ADA's price will likely retrace as much as 60%-70% over the next 4 months and are likely to see a bottoming price target as low as 0.03308 - 0.03890
***However, there is always light at the end of the tunnel & a pot of gold at the end of any rainbow***
After the bearish descending wedge plays out into mid December a disbelief rally will ensue ripping the price from the low to mid 0.3's all the way up to the upper 0.14's to lower 0.15's price range. That's an approx. 350% jump in 1 month!!!! Time frame for this is from mid Dec to Mid Jan.
ADA will then have a 50%-60% pullback by the end of Jan followed by another rally of approx. 130% to 150% run up towards the end of Feb. making a new higher high.
Then as expected a pullback but, this time as much as 60% to 75% (poss. 80% candlewick down) by early to mid March where following this decline the price will rip higher going up approx. 230% by April 1st or 2nd with a price target just under 0.25 before another 40% to 50% pullback. Highly unlikely price will touch 0.25- I will be taking profit before than/
Finally a smaller 60% to 70% rally higher for a final higher high before entering another possible long-term bearish trend. The ending price target will be around 0.25500 to 0.26500 by mid May.
Afterwards this bullish trend may continue but very unlikely, re-evaluation will be necessary to determine the trend & price direction. One can at least expect a large ABC wave correction at this time lasting a few to several weeks but more likely several months.
After the a re-test of the bearish head and shoulder pattern ADA is currently facing; We will most likely see a break down from this to around 0.0664861 by mid to late Sept. Afterwards, ADA will find itself in a descending broadening wedge slowly dropping to lower lows with several fake-outs (bulltraps or short lived rallies) until mid Dec. ADA's price will likely retrace as much as 60%-70% over the next 4 months and are likely to see a bottoming price target as low as 0.03308 - 0.03890
***However, there is always light at the end of the tunnel & a pot of gold at the end of any rainbow***
After the bearish descending wedge plays out into mid December a disbelief rally will ensue ripping the price from the low to mid 0.3's all the way up to the upper 0.14's to lower 0.15's price range. That's an approx. 350% jump in 1 month!!!! Time frame for this is from mid Dec to Mid Jan.
ADA will then have a 50%-60% pullback by the end of Jan followed by another rally of approx. 130% to 150% run up towards the end of Feb. making a new higher high.
Then as expected a pullback but, this time as much as 60% to 75% (poss. 80% candlewick down) by early to mid March where following this decline the price will rip higher going up approx. 230% by April 1st or 2nd with a price target just under 0.25 before another 40% to 50% pullback. Highly unlikely price will touch 0.25- I will be taking profit before than/
Finally a smaller 60% to 70% rally higher for a final higher high before entering another possible long-term bearish trend. The ending price target will be around 0.25500 to 0.26500 by mid May.
Afterwards this bullish trend may continue but very unlikely, re-evaluation will be necessary to determine the trend & price direction. One can at least expect a large ABC wave correction at this time lasting a few to several weeks but more likely several months.