16.1.2020 - Cardano (ADA / USD) Cardano / US Dollar (calculated by TradingView) BINANCE:ADAUSD DolleroTechnology Hi Traders! Today we chose the Cardano coin ( ADA ) for analysis. Perhaps you have noticed growth on altcoins this week. It is possible that many altcoins and among them ADA are starting a new cycle. Looking at the daily chart , we can see that early last year ADA began to grow until it reached its peak in the summer. The second half of the year was marked by a decline, which ended with a falling wedge pattern. This pattern is a typical reverse pattern which means it reverses the trend. On the chart, we can see a clear upward impulse, which is also confirmed by increasing volumes. If our assumption were confirmed and ADA starts a new cycle, it would mean its nearest target of at least $ 0.12 - $ 0.14, an increase of at least 200% over the current price. May the crypto be with you!