ADA USDT (possible retrace before continuation) Weekly chart
I still remain (long term) bullish on ADA USDT!!
There have been a lot of calls recently on the potential of a near term pullback.
I've looked at the possibility of that.
Here's what I've come up with:
*We are working on our 2nd daily red candle.(After A BIG RUN)
*Normally a peak and then a slow bleed is an indication of a further pull back. I do feel like the big drop is yet to come.(Like maybe another 15%-20%)
*This drop will be needed and is healthy for growth.
*Also keep in mind that a retrace and a reversal are two different things. Long Term Cardano is looking "VERY NICE."(holding is a safe bet) This will not be a reversal until proven so.
If it does retrace more, "IF" I wouldn't expect that it will go any further than what I have as my .786 on the chart ( A price of approx. .30 cent) If it makes it that far. Cardano has a lot of upside to go. The profits here from a long term hold will be Awesome!
Good luck!
There have been a lot of calls recently on the potential of a near term pullback.
I've looked at the possibility of that.
Here's what I've come up with:
*We are working on our 2nd daily red candle.(After A BIG RUN)
*Normally a peak and then a slow bleed is an indication of a further pull back. I do feel like the big drop is yet to come.(Like maybe another 15%-20%)
*This drop will be needed and is healthy for growth.
*Also keep in mind that a retrace and a reversal are two different things. Long Term Cardano is looking "VERY NICE."(holding is a safe bet) This will not be a reversal until proven so.
If it does retrace more, "IF" I wouldn't expect that it will go any further than what I have as my .786 on the chart ( A price of approx. .30 cent) If it makes it that far. Cardano has a lot of upside to go. The profits here from a long term hold will be Awesome!
Good luck!