vf_investment

ADAUSD 60 % drop coming - be ready!

Short
BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Many persons won´t like this idea but the fact is that ADAUSD remains in the downtrend.
Small bounce only to get rejected from the downsloping resistance line is still possible but generally we expect ADAUSD to continue its downtrend as other alts most likely will do.

- September is usually bloody for crypto
- BTC .D at the key support - bounce expected which would be bad for altcoins market.
- every bounce to the downsloping resistance line is a short opportunity.
- if the price reach our buy zone, it would be a 95 % drop which is similar to drops that we saw for many alts in the 2018/19 bear market
- Be patient!
Trade active:
Key support´s broken. Expecting more downside
Trade active:
Be patient. the price heading down
Comment:
Many persons ask us about Cardano. Guys, give it some time. Targets remain the same.
Comment:
Cardano remains under sell presure. Distribution on lower timeframes is ongoing. Expecting a sharp drop in December.
Comment:
Don't rush with your longs. Patience.
Comment:
The price is retesting the major trendline. If we see a daily close above the trendline, the trend will be bullish and we won't be looking for lower targets anymore

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