In this weekly analysis, we see another and possible crash of -42% in the price. And now, Cardano break down this descending triangle and we can to expect a pull back and then, entry in the short position following the projection.
Also, for your recommendation don't buy Cardano in this end of tis bear market, starting to buy Bitcoin and hold Bitcoin or use part of them to make trading in the financial market. A good strategy it's using Cardano dominance and check out Cardano/Bitcoin correlation, for you, Cardano still bearish in this correlation in front of Bitcoin value.
So guys, that it's all information that I can to bring you and be prepared for this crash!!!
I think the technical analysis as presented in your chart makes lots of sense. I beg to differ on forever bearish view on Cardano. It might take up to a few years for this asset to moon but I think it is a worth while investment if one is not to gamble on short term gains. When it really drops to USD 0.227, I will buy a lot more and hodl until Cardano's moonshot in the foreseeable future. Thanks for sharing.
JoeChampion
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I agree, Cardano should drop well as long as BTC is bearish
SwallowPremium
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Very detailed chart! Thanks for publishing.
Plutus_trades
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Do you ever notice all these indicators or SL end up with 42 or 420