Crypto-Quantum-Fox

ADA - cardano update ; an alternate bottom theory

BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
ADA - cardano update ; an alternate bottom theory

Yellow fractal is the same as the other one but stretched out. The momentum signature fits quite well. Zoom out on the chart to see the momentum similarities.
Would mean the bottom is very close and quite soon. Double tap then up only.

That bigger drop option, the momentum doesn't feel right.

note the chart i did back in december i think it was; attached.


macro is pretty darn bad still, everything is still melting, inflation still high, dxy looks like it wants to pump again, at least double top imo, soooo not sure how a bottom could be close. but maybe huh, the financial world is a big irrational casino right now. anything could happen.

going to keep a close eye on this. imo ada is the perfect 'market signaler'.
Comment:
ey its looking like i didnt squash up this fractal enough. think its ready to go. already did that double bottom structure.
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hmmm could pop right here
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will it hold here.. looks fuckin bad lol
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nope. down we go.