MaxDDM

Chart price scale is Logarithmic.Fib ranges are based on log scale.The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000.The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level.The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000. The previous cycle reached the 1.618 level.In previous cycles, RSI levels reached 85+.The current RSI value is at 78 which supports room for expansion.The MACD is vertical and rapidly expanding.With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.

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.