Technical analysis by MaxDDM about Symbol ADA: Buy recommendation (11/25/2024)

Accumulation within the golden pocket/fair value gap is signaling a potential substantial mark up phase in the near future.In the previous cycle ADA reached the 1.414 level.The current 1.414 suggests a ~$7 target.Price is currently interacting with the 0.618 level. Validation - Break through the current golden pocket with separation ($1.00 - $1.64) A strong signal would present itself as a clean break through this area displaying a fair value gap just like the previous cycle. The relative strength index suggests room to expand further. MACD recently crossed to the upside suggesting a momentum shift.History often rhymes The bar pattern projection is displayed to help visualize the potential volatility and seasonality of the cryptocurrency market.