CARDANO - ADA/USD - cycles - 08/23/2021 (GMT)

In my opinion, $3 ADA is now inevitable and might come in the next 24 hours. The fundamentals are good, nobody that I know wants to sell before 9/12. Even then most holders of ADA are looking for higher prices. Any breakdown in prices will be within reason and will serve as a buying opportunity for those who have missed the big moves from $1 to $3. $1000 is now $3000!

Technically, based on today's low at the day's open, 5:00 is the next reaction time to the upside. The next, based on today's high is at 5:00 tomorrow morning, 8/24/21.
Support is at $2.79 based on today's all-time high.

I have always said that the market is not random. Consequently, the market will behave to form technically, regardless of any fundamental reason. It is all baked into the numbers. Every stock has its own DNA. ADA likes the 7's You can see we always stall at the 7's and push after the 7's. Today we stalled at 2.96. When we close over 2.97, we are on our way to 3.07 and 3.17 and so on.

In my cycle study, we just hit a cycle(48) at 15:00. This level with the low at 2.86 will hold up price as we have a hard support at 2.79 as I stated earlier. Please note that finding support and resistance and cycle impact points are 2 different techniques I use to analyze the market. Using these techniques, I am able to convert price to time and time to price. They have been very accurate and effective. Knowing when to act and at what price frees you from staring at the chart all day. Cycle(54) will be at 21:00 tonight. This is not pictured on the chart. As of now based on my take-off point, ADA is cycling every 6 hours. When we reach $3.00, I will pick a new swing point and a new cycling rate will be established to keep the predictions tighter.