Small pullback and consolidation for ADAUSD ahead. The bottom of this cooldown period will be a great time to get into ADA for the first time without worry, or to simply add to your collection of ADA. With the momentum coming for the September 12th release of Cardano Alonzo and the ability for smart contracts, I highly doubt the momentum is going to shift downwards anytime soon. This is due to the fact that developers have been waiting eagerly to create all sorts of cool things with the platform. This is confirmed by the strong upward trend fitting rather nicely in the channel on the daily chart. If you are worried about the price hitting the ground, think again. There is TONS of buying volume at the 2.18 -2.13 level providing a robust amount of support for ADA. I will update again when there is a nice consolidation before another push. Enjoy!
This is not financial advice. DYODD.
Feel free to like this chart and follow me. All the support is welcomed. Thanks again! GLHF.
This is not financial advice. DYODD.
Feel free to like this chart and follow me. All the support is welcomed. Thanks again! GLHF.
Comment:
The pullback and consolidation is happening just as planned. Once we see a bottom, load up!
Comment:
ADA is breaking out now.
