$ADA [1W]: mania phase expected

Main target of bull market 2020-2022 is ~$22.

• 1.618 Fibonacci extension of bear market 2018-2020;

• 3 Fibonacci extension of III-IV correction in bull market 2020-2022;

• extension of green, dashed trend line through I and III;

• target of similar move starting from the purple arrow to III; (see explanation below).

Nice comparison: I-II-1-2 versus B-C-IV-1-2, both

• start at top of correction (I-II and II-IV);

• correct to bottom of correction to test the yearly VWAP (blue line);

• then break the top of correction;

• and come down to test the 0.618-0.786 for support;

• while having a VWAP gap between 2 and purple arrow.

When copying the bars that followed (purple arrow to III) and pasting it at the current price position, a similar move would bring us exactly at ~$22 end of this year.