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Saazba
Aug 12, 2020 6:52 PM

ADA Dips Below 200 EMA on Hourly Long

Cardano / U. S. DollarKraken

Description

Last few times this happened, there was a healthy pump afterwards. Will history repeat for the 5th time?
Comments
TheElBrando
I think there was Shelly hype pushing the price up, that ended July 29. Usually after these short of events a correction happens. My guess is we'll see a .092 ADA before we see anymore healthy upward movement. LTC was at $147 six days before its "halvening" then it dumped not long after. Look at LTC from last summer, ADA this summer is very similar. I don't think we'll see such an intense prolonged dump afterward though. I think 30% is likely
Token329
Nice analysis.
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