Anticipate a Slow Bleed Down to Support at $0.035
I don't anticipate ADAUSDT to fall as much as other pairs over the next 30 days. Mainly due to the upcoming Shelly update for Cardano. I believe many are accumulating for the purpose of doing some proof of stake mining. At least those who HODL will do so. You will still have those who believe they can make more trading than they could with proof of stake mining.
I'm leaving this one labeled as a "Neutral" position. Mainly because of how long it will take this one to fall approximatley 25 percent over the next 30 days.
I hope this was helpful. I certainly appreciate your support!
Have a great day, everyone!
; )
I'm leaving this one labeled as a "Neutral" position. Mainly because of how long it will take this one to fall approximatley 25 percent over the next 30 days.
I hope this was helpful. I certainly appreciate your support!
Have a great day, everyone!
; )
Comment:
My findings on this pair COULD CHANGE over the next several days because of what we see with the 7-Day, 6-Day and 5-Day Time Frames. ADAUSDT is the ONLY pair I've seen that looks a bit more bullish in those high time frames compared to the other pairs I've had a look at.
Comment:
As I told Jeremy in comments (below):
Looking back... I could have probably done more for you in lower time frames; such as the 45 minute. I only went as low as the 90 minute. It currently looks like it will remain sideways for a while in a relatively tight time frame between $0.045 and $0.0485. This pair is honestly the only pair I've seen that shows more potential for possibly continuing up. This does not mean it will go up while the others potentially go down. I would be very surprised if that were the case.
I'll have to give an update at least once a day for the next several days to see if we follow what the 7-Day and 6-Day are telling us or if we will fall down like most of the other USD or USDT pairs in the very near future.
Looking back... I could have probably done more for you in lower time frames; such as the 45 minute. I only went as low as the 90 minute. It currently looks like it will remain sideways for a while in a relatively tight time frame between $0.045 and $0.0485. This pair is honestly the only pair I've seen that shows more potential for possibly continuing up. This does not mean it will go up while the others potentially go down. I would be very surprised if that were the case.
I'll have to give an update at least once a day for the next several days to see if we follow what the 7-Day and 6-Day are telling us or if we will fall down like most of the other USD or USDT pairs in the very near future.
