ADA has once again formed A SOLID SUPPORT BASE PATTERN and these are the patterns you want to see before a breakout!
I would say this is an EXCELLENT BUY/LONG opportunity with very low risk!
LETS TALK FUNDAMENTALS- I know Cardano gets a LOT of shade in the media and gets "thrown under the bus a lot" and the MAIN REASON FOR THIS is because HOW LONG ADA HAS BEEN AROUND and has JUST NOW released smart contracts while other cryptocurrencies have done it much sooner and faster! HOWEVER, THINKING THIS WAY will cause you to loose the real scope of the situation here. So CARDANO is founded by Charles Hoskinson, a mathmatician who also helped co-found ETHERIUM! Charles foresaw problems with ETH and BTC that would arise in the future such as CLEAN ENERGY, and SECURITY! The code used for ADAs network I've heard is of the highest security which LETS FACE IT, If you want INSTITUTIONAL INVESTORS for A Decentralized Finance application, YOU NEED SECURITY! This extra security accounts for lower TPS (transactions per second). The rest of CARDANO's team is also made of very highly regarded scientists and people! This provides some TRUST to investors! Cardano brands itself as a 3RD GEN Blockchain network, where as ETH is a 2ND and BTC a 1st! Personally I DONT MIND the extra time spent. Similar to laying a FIRM FOUNDATION FOR A HOUSE to make sure it is STRONG! I think the timing was just right!
Also, the fact that ADA has been around for a long time and LASTED THROUGH CRYPTO "winters" shows that the COMMITMENT IS THERE and AGAIN PROVIDES TRUST. These BASE PATTERNS ADA has been forming also SHOW STABILITY!
This is very important to big investors! There is so much more you could read about ADA and learn about it BUT I THINK THESE IDEAS I EXPLAINED HERE will be MAJOR DECIDING FACTORS for investors! ADA already has at least 2 FORTUNE 500 Companies partnered with such as DISH NETWORK! It has deals with GOVERNMENTS! It really is SETTING THE STANDARD I think and to be BEARISHLY BIASED would be a mistake here! The ADA community is STRONG with a very high amount of coins STAKED on the network because people BELIEVE IN IT! This again PROVIDES STABILITY!
One thing is for sure, when ADA PUMPS, IT'S GOING TO PUMP HARD!
I would say this is an EXCELLENT BUY/LONG opportunity with very low risk!
LETS TALK FUNDAMENTALS- I know Cardano gets a LOT of shade in the media and gets "thrown under the bus a lot" and the MAIN REASON FOR THIS is because HOW LONG ADA HAS BEEN AROUND and has JUST NOW released smart contracts while other cryptocurrencies have done it much sooner and faster! HOWEVER, THINKING THIS WAY will cause you to loose the real scope of the situation here. So CARDANO is founded by Charles Hoskinson, a mathmatician who also helped co-found ETHERIUM! Charles foresaw problems with ETH and BTC that would arise in the future such as CLEAN ENERGY, and SECURITY! The code used for ADAs network I've heard is of the highest security which LETS FACE IT, If you want INSTITUTIONAL INVESTORS for A Decentralized Finance application, YOU NEED SECURITY! This extra security accounts for lower TPS (transactions per second). The rest of CARDANO's team is also made of very highly regarded scientists and people! This provides some TRUST to investors! Cardano brands itself as a 3RD GEN Blockchain network, where as ETH is a 2ND and BTC a 1st! Personally I DONT MIND the extra time spent. Similar to laying a FIRM FOUNDATION FOR A HOUSE to make sure it is STRONG! I think the timing was just right!
Also, the fact that ADA has been around for a long time and LASTED THROUGH CRYPTO "winters" shows that the COMMITMENT IS THERE and AGAIN PROVIDES TRUST. These BASE PATTERNS ADA has been forming also SHOW STABILITY!
This is very important to big investors! There is so much more you could read about ADA and learn about it BUT I THINK THESE IDEAS I EXPLAINED HERE will be MAJOR DECIDING FACTORS for investors! ADA already has at least 2 FORTUNE 500 Companies partnered with such as DISH NETWORK! It has deals with GOVERNMENTS! It really is SETTING THE STANDARD I think and to be BEARISHLY BIASED would be a mistake here! The ADA community is STRONG with a very high amount of coins STAKED on the network because people BELIEVE IN IT! This again PROVIDES STABILITY!
One thing is for sure, when ADA PUMPS, IT'S GOING TO PUMP HARD!
Comment:
I JUST POSTED A NEW ADA UPDATE. IT SHOWS A POSSIBLE 2.45 REJECTION WITH SHARP DROP TO 2.00 area followed by A STRONG BOUNCE! I've been seeing this potential pattern on several charts today and it makes perfect sense and lines up perfectly with the current situation for crypto! Just don't get caught off guard by this sharp drop! I'll definitely send out some more warnings as it gets closer to happening... IF YOUR HODLING, no worries!
Comment:
ITS TIME TO MAKE A MOVE. I THINK A QUICK WICK BOUNCE AROUND THE 2.00 AREA MAY HAPPEN even as low as the 1.90 area but I'm having a hard time imagining bulls letting ADA go below 2.00. IT WOULD BE QUICK. WATCH YOUR STOP LOSS ORDERS
