is overbought and also bear cross it s confirmed
going down which is a sign also
below neutral zone
Target of this is 905 sats (final target) which means -8.94% from the current price
This is only informative,it s pretty complicated now to make predictions for altcoins because all depend in BTC movements which is near a strong cross at 1MONTH.
It s pure informative once again.that is my vision for
First target achieved
A very important role was shelley which means descentralization and staking oportunity,this fails,will be delayed and in my opinion it s the first reason why ada dropped too much.At this time it s in early stage and you can t build dApps in Cardano(NO USECASE AT THE MOMENT!)
This usecase will appear after Goegun mainnet launch around first half of 2019.
ADA is my bet for long term
If you haven t ada at the moment,915 sats it s still a good buy,but in binance/bittrex not mex.
If and when will go below 850,buy once again,610-740 will be the bottom.
610-740 best buy for ADA
Play only in binance/bittrex because we are in capitulization phase.
Check my last BTC/USD analysis will help you to understand why ada and other cryptos will tanking hard