Hi all,
I've been looking into cryptocurrencies for a while now. Recently i started commenting and monitoring cryptonews through Twitter and since today i felt like sharing my very own opinion about Cardano.
To be clear, i'm not here trying to shill anything, i'm just showing my opinion based on my own research (you should do yours as well).
To make a long story short, i think that ADA is looking quite bullish. You can see an obvious descending triangle, which is usual a bad thing. But ... in this specific case ADA will most likely bounce up (eventually).
I say this because of the upcoming Shelley release -> which is scheduled for Q2 according to the ADA updated road map. Until that time there are many other things happening around ADA, which you should definitely look into.
BUT... if the supportline breaks Cardano will continue to fall. Which is (in my opinion) very unlikely....
I would say that there's only a 2% chance because of the strong support and very good circumstances (based on the road map). If support breaks your should STOP LOSS.
Even though i strongly believe in IOHK, i do not have a crystal ball to predict the future. As many others said before: Do not invest what you can't loose + do your own research and trust your guts!!!
Feel free to share your opinion in the comments :-)
I've been looking into cryptocurrencies for a while now. Recently i started commenting and monitoring cryptonews through Twitter and since today i felt like sharing my very own opinion about Cardano.
To be clear, i'm not here trying to shill anything, i'm just showing my opinion based on my own research (you should do yours as well).
To make a long story short, i think that ADA is looking quite bullish. You can see an obvious descending triangle, which is usual a bad thing. But ... in this specific case ADA will most likely bounce up (eventually).
I say this because of the upcoming Shelley release -> which is scheduled for Q2 according to the ADA updated road map. Until that time there are many other things happening around ADA, which you should definitely look into.
BUT... if the supportline breaks Cardano will continue to fall. Which is (in my opinion) very unlikely....
I would say that there's only a 2% chance because of the strong support and very good circumstances (based on the road map). If support breaks your should STOP LOSS.
Even though i strongly believe in IOHK, i do not have a crystal ball to predict the future. As many others said before: Do not invest what you can't loose + do your own research and trust your guts!!!
Feel free to share your opinion in the comments :-)
Order cancelled:
Yikes, it seems like the Cardano support is getting tested real hard. Long term holders have nothing to worry but people that wanna buy should stay away until positive candles are confirmed. Right now Cardano seems to be in the danger zone, it’s hard to tell if it’s the start of a breakout or if it’s breaking to a much lower support line. My earlier 2% chance was definitely way to optimistic. Right now it really is 50/50!
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Right now theres not much support left. Cardano is very bearish at the moment.
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What a day.. the good news is that Cardano survived and didn’t lower insanely compared to many other altcoins.
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There are some green candles showing up. We might have seen the bottom. That said, $ADA is still sleeping / pending and waiting for a nice BIG green candle. Lets hope it comes anytime soon.
Comment:
To be clear, we're still in my support-zone. Also $BTC is quite bearish, be patient and we'll see a rise eventually :-)
It won't lead to a giant pump but it will probably get Cardano out of the dangerzone. I will keep you guys up to date.