I see cardano continuing to show bullish movement. we can start looking at a lower price prediction if this up trend line brakes. But i predict that we continuo showing movemnt to the upside. first target $1.75 second target $4.60
With China and Evergrande crisis, maybe we are at a little bit before the a big fall, possible bigger than ever in crypto market. 2008 was the last world wide crisis, the nest of bitcoin. Now, if the bear market is starting with this huge size, nobody knows predict what will happen with altcoins. I'm out until this strange season pass, let's see
Are you predicting a $5 ADA by Nov and then a 50% drop DURING a bull run? The RSI aeroplanes can fly as much as they like, I dont see a 50% drop coming mid-bull run. And I also disagree that this is going in a channel, my understanding is that when this starts running it is going to go parabolic (checkout ADA's history) and NOT follow a channel + breakout.
luckyperez
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@stupidGuy, i could only predict the movement within the channel. wait for a brake and then look back at the chart again... But i do see it happening since theres going to be a huge sell off cuz that would be about 2x from now. people who bought under $3 would be taking profit most likely... if you look back to when it hit $2.50 it shot down over 50%
luckyperez
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@luckyperez, would be nice to see cardano spike, but i dought that would happen any more now that there wont be as much news for cardano anymore major at least... but project built under the cardano smart contracts will defiantly spike..
stupidGuy
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@luckyperez, Well, I can't argue against the TA, as of now the channel does seem likely. What I said earlier about it going parabolic is more of hopium and less of logic I guess.
Matatan100
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@luckyperez No more news? are you tracking the summit 25-26 of September.
luckyperez
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@Matatan100 there will always be news. But the one everyone has been waiting for was delivered on the 12th.. a summit is not going to make a cardano do a 2x over night
luckyperez
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@luckyperez but it will have some effect on definitely. I just don’t see a spike coming out of a summit that will break that trend like
luckyperez
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@luckyperez (the trend line) it’s just going to continue to move slow to the upside. Which is not a bad thing