Crypto Insiders members receive daily new technical analysis of cryptocurrencies in our Discord environment. In this article, we share a recent analysis of Gimbal (ADA). If you are not a member yet or if you still have questions after reading this article, take a look at our website Featured Information Page.
Cardano’s latest news
ADA Technical Analysis Price
According to Crypto Insiders, it appears that the Cardano price bottom is getting closer and closer. Although analysts are expecting a significant decline first, there appears to be a good chance that the ADA will reverse the trend after that. This is explained as follows:
“It looks like ADA needs to move down for another wave to complete a larger 12345 Elliott wave pattern. This also ensures that we are close to the WXY corrective pattern. With this knowledge, we can estimate a support area around 161.8% Fibonacci, or the area around $0.24 and $0.26 American.
In our opinion, this area will act as a starting point and will be able to push the price higher again. It is too early to determine the pattern in which this increase will occur. Analysts will update members in the Premium environment on developments related to ADA.”
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Disclaimer: investment carries risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this website is based on the insights and experiences of our analysts. So it is for educational purposes only.
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