BankofEngland
Long

Cardano (ADA) Bullrun

BITTREX:ADAUSD   Cardano / US Dollar
It seems like the entire cryptocurrency market has went through a healthy correction. It seems like Bitcoin has very strong support and has not broken $9,000 yet. If 2017 repeats, that means the entire market will flourish WITH Bitcoin . Some believe that once Bitcoin takes off, altcoins will fall. But, looking at the 2017 bullrun, you can see that was not true. At least not true for the top 20-cryptocurrencies. So, what do we have here with ADA?


There is no guarantee that ADA will fall to $0.39, it may take off at anytime.

Thoughts?
0.039?
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Check xlm please
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@Nagat, XLM will take off too. They have some important updates/releases by the enemy of 2019, which should see XLM really take off.
+1 Reply
Nagat BankofEngland
@BankofEngland, thanks bro
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Looks like this to me. Would draw the descending wedge thinner
+3 Reply
@Flooki, I had a similar chart on ADABTC, and now show it out of that wedge/
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@Flooki, ADA very well could continue to fall, $0.039 is very realisitic, specially if Bitcoin dumps. But if it continues sideways and breaks the wedge, it could take off. Heading towards $0.06, than higher.
+1 Reply
Flooki BankofEngland
@BankofEngland, then you just change the top resistance a bit and u get the right chart.
Reply
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