ADA has been trading bearish for well over a year now, losing around 88% of its value since the top.
Looking at the current market and the 2018 bear market, we can see that ADA is following a roughly similar pattern. A very long downtrend with the occasional bullish pump in between.
Most noteworthy are the numbers on the chart.
1: Mid-bear pump of a couple weeks.
2: Late-bear horizontal trading before the last capitulation.
Obviously, we don't know if the current market will see another capitulation, but I find the similarities interesting.
Do you think ADA will see another capitulation? Share your thoughts.
Looking at the current market and the 2018 bear market, we can see that ADA is following a roughly similar pattern. A very long downtrend with the occasional bullish pump in between.
Most noteworthy are the numbers on the chart.
1: Mid-bear pump of a couple weeks.
2: Late-bear horizontal trading before the last capitulation.
Obviously, we don't know if the current market will see another capitulation, but I find the similarities interesting.
Do you think ADA will see another capitulation? Share your thoughts.
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