The crypto market has experienced a strong panic driven correction as the FED refuses to cut rates and inflation is on the rise while wages are slowly in decline.
ADA continues to provide thrills and chills
Is it time to dump? and cry into your empty wallet?
IMO NO,
BTC has recently taken out liquidity below the $117,000.00 price point which is a normal move, if you are over leveraged it can feel horrible but I assess as a normal correction.
ADA price remains in the range in which it has formed .93 - .71 the possibility that ADA can dip deeper to .65 is possible but unlikely. This correction provides a cooling off of MACD and RSI on higher timeframes and the chart still remains BULLISH.
Remember be greedy when others are fearful.
A man who says he never had a chance never took a chance!
ADA continues to provide thrills and chillsIs it time to dump? and cry into your empty wallet?
IMO NO,
BTC has recently taken out liquidity below the $117,000.00 price point which is a normal move, if you are over leveraged it can feel horrible but I assess as a normal correction.ADA price remains in the range in which it has formed .93 - .71 the possibility that ADA can dip deeper to .65 is possible but unlikely. This correction provides a cooling off of MACD and RSI on higher timeframes and the chart still remains BULLISH.Remember be greedy when others are fearful.
A man who says he never had a chance never took a chance!
Note
Thesis remains intact and strong. ADA dipped to .685 and swimming strong above the .65 level and executing a perfect retest of the descending triangle (yellow line from local high @$1.31) The manipulation has been evident as MM attempt to shake retail out of the market.NFA just my thesis however They will not shake me out, like this, we have too much potential and the signals and on chain data are still showing strong accumulation and no top in sight, YET.
(F)ace (E)verything (A)nd (R)ise because
(FEAR) is the mind killer.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.