Insider Info: Cardano (ADA) is poised for an explosive rise

Cardano (ADA) is known for its scientific approach to blockchain technology. This article explains what we can expect from the price of ADA, with insights from our premium environment.

For just 1 euro you get access to our premium environment for the first 30 days, where we share over 20 analyzes every week and you can benefit from the experiences of over 1500 other members. This information is intended to assist you; Our analysts do not provide financial advice.

Technical analysis of Cardano (ADA) price

The price of ADA is not always easy to analyze, but analysts at Crypto Insiders now believe they have discovered an interesting pattern. They recently shared the following in the Premium environment:

“We see that a major wave 1 and 2 has formed as part of a 12345 Elliott wave pattern. Within this pattern we are now working on a smaller 12345 EW pattern that acts as inner wave 3 of the larger pattern.

This essentially means that we are currently in a phase where ADA could see a rise and potentially reach targets well above its current high. Therefore, in the short term, we expect ADA to break the recent high of around $0.7.

In the medium term, ADA could be significantly higher. In the Premium environment, we will continue to closely monitor the price and provide regular updates.

Date of analysis: February 18th. Link to trading view:

Good news for Dutch crypto traders

The new partnership between Bybit and SATOS, which has a license from the Dutch bank, gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don’t have a Bybit account yet? Register using this link and receive 20 euros in crypto as a welcome gift.

Do you need help?

In our premium environment you will find our extensive trading plan with the latest updates. As a Premium Member, you enter a safe place where traders of all experience levels share knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.