Had some more time to analyze the price action on ADA.
I think that we'll see a total reset down to .442 based on the structure of the price action.
Appears to be a bear pennant.
I wouldn't short this personally, but I will eye long entry at .442 with tight stop loss.
If you get the fundamentals, you'll know that this is basically the "Google" of l1s. Haskell, peer reviewed all the way.
If you don't grok exactly what they're doing that's okay but IMO Cardano is the #1 project in the space.
The hard fork is incoming and it's even beyond the Alonzo had fork in terms of the features provided so I'm quite bullish on ADA even in this market.
Once again, for me this is ada scalp week. I will play it long though - shorts are pretty risky with the news, even if it's already priced in.
I think that we'll see a total reset down to .442 based on the structure of the price action.
Appears to be a bear pennant.
I wouldn't short this personally, but I will eye long entry at .442 with tight stop loss.
If you get the fundamentals, you'll know that this is basically the "Google" of l1s. Haskell, peer reviewed all the way.
If you don't grok exactly what they're doing that's okay but IMO Cardano is the #1 project in the space.
The hard fork is incoming and it's even beyond the Alonzo had fork in terms of the features provided so I'm quite bullish on ADA even in this market.
Once again, for me this is ada scalp week. I will play it long though - shorts are pretty risky with the news, even if it's already priced in.