Wanted to take a few minutes to point out the SIGNIFICANCE of the Green 50-EMA crossing above the White 200-EMA in the TWO (2) DAY TIME FRAME and how the 50-EMA and 100-EMA can generally act as support on each pullback WHILE in a Long Term Bull Trend.
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IMPORTANT UPDATE:
Today at #Cardano2020 we announced IOHK has signed a custody agreement with Coinbase for #Cardano. 1/4
As of Q4 this year, ada holders will be able to store their assets in Coinbase Custody’s institutional-grade, battle-tested cold storage, whilst also maintaining the ability to delegate their stake. 2/4
Coinbase Custody is the first solution to be able to offer staking, whilst keeping assets securely stored in cold wallets. 3/4
This custody agreement allows us to offer the same secure storage solutions that can be found in traditional finance to ada holders, without sacrificing what makes Proof of Stake blockchains special - being able to participate in the network. More news soon... 4/4
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UPDATE:
Pulled Back View of several scenarios...
Zoomed In View of several scenarios...
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UPDATE:
Over All View: If this plays out, this will look like a HUGE "W" formation.
I'd really like to know if you ever chart ADA:ETH rather than vs. just USD or BTC? Do you think that it could be helpful in identifying swing trades between these two arguably best in class smart contract platforms? Or at least when to take some off and put back on in conjunction with USD and BTC analysis?
$0.0878 to $0.0862 may be the price range we potentially come down to if BTCUSD falls approximately 8 percent from current price. If BTCUSD falls only about 3 to 6 percent from current price, then ADAUSD may fall down to around your $0.092 number in my opinion.