Technical analysis by RejaA about Symbol ADA on 1/7/2021

ADA seems to be forming the same cup&handle pattern as VeChain did (I published a chart yesterday). In my theory we will probably get rejected at around this level as we are at previous all time high and RSI is very high, which shows overvaluation. In my opinion we could retrace to 0.618 fibonacci level, that is 54% drop from now. If we find support there and return to current prices and we really form a full "handle" ADA has a massive upside move potential, 350% from the bottom of the handle, which sets the price to around 0.7USD for one ADA.