Estimated movement of the ADA token for the next half year.

Hi, Steemians…

As always, in order to consider the price movement of any asset in long-term, consider its overall chart.
3 days timeframe, Binance Exchange
Immediately draw the main lines - resistance (trend) 1, and support 2.

Interestingly, all the most powerful bearish trend lines, the price of the token has already broken. Now ADA successfully tests line 1,
Increase the chart.

The ADA clearly enjoys the confidence of investors, most of the time the price is at the top of a given triangle. We are drawing additional resistance lines that ADA will have ahead.

With a greater degree of probability, the price will move in the given triangles along a damped sinusoid, in the order of consolidation of funds. The breakthrough of the last line 5, judging by the chart, was appointed approximately at the end of September.

You can make some general conclusions. Let me remind you that in the fall there will be a rise in the price of bitcoin, due to the halving appointed for spring. Before that, the growth of many altcoins in a purely speculative aspect is possible - traders will try to earn more bitcoins. In any case, the graphs of many coins, especially those that have a large capitalization, as well as ADA, are set to fall.

It seems that the exchange trade this summer will sleep, only consolidating funds. Occasionally there will be a sharp increase in little-known or new coins.

Thank you for reading and support!
Good luck!

The @upvoteinvest team

A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.