Popular crypto analyst and trader Jason Pizzino predicts Cardano could pull off a 290% move before its current bull cycle expires.
In a new strategy session, the technical trader tells his 205,000 YouTube subscribers that he believes Cardano (ADA) has more gas left in the tank.
Pizzino makes the case for ADA’s next leg up using the Elliott Wave theory, which forecasts future price action by looking at crowd psychology that tends to manifest in waves.
The theory suggests that a bull market follows a five-wave cycle where an asset rallies during waves one, three and five while correcting through waves two and four.
According to Pizzino, Cardano has already completed waves one to four and is now in the midst of the fifth and final wave.
“I’m excited to see the waves play out similarly. So this wave is the biggest (surge from $0.10 to $2.47). If you’re looking at Elliott, then wave three is always the