On the “Alt-coin market preparing for a 10x move” idea from July 2023 (below) it was written:
“A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective.”
Legacy token holders are slowly coming to the realisation this was not hyperbole. LTC, MATIC, ALGO, you name it, legacy tokens are underperforming. ADA is now added to the list of tokens set to show significant underperformance for the remainder of this bull market.
On the above weekly chart ADA price action has confirmed significant negative divergence across 8 oscillators as measured over a 2 month period. Just as it was in March 2021. Look left!!
In addition to the divergence price action has confirmed legacy support as resistance. It does not get much more bearish than this. But it does… The ADA / Bitcoin ratio..
The ADA.btc pair has confirmed resistance following a confirmed break of market structure. This is not indicative of other tokens currently over performing in the space.
Is it possible price action see higher highs? For sure. Is it probable? No.
Ww
Alt-coin market preparing for a 10x move
ADA.btc monthly
Trade active
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** Confirmed broken market structure **
Almost unlike any other crypto token in the market, ADA holders have given up the maintenance of market structure and allowed a lower low to print.
Daily chart
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The range from 40 to 45 cents must be held over the next 2 to 3 weeks in order to void this idea. IF price action begins with a 3 in that period, the idea is very active.
Macro correction to 0.15$??? Absolutely NO, we are in a huge accumulation phase and in next monthes price will be literally explode! You will never ever see 15 cent even in your dreams sorry
without_worries
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@BizzarTrading, This post was bound to trigger the ADA Animal spirts.
OG_cRoW
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@without_worries, ahahahah you are the best. Anyway...unfortunately, i agree with you about legacy token
without_worries
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@BizzarTrading, Turn up the accumulation setting to full,
fastprofittrader
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Maybe ADA won't make 10x but it definitely can make 3x - 5x from current levels
without_worries
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@fastprofittrader, Who is getting out of bed for a 3-5x when there's 10-30x opportunities for the picking?
@St0nez, Already shared them elsewhere, link above, just like buying FET and AGIX many months ago.
St0nez
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@without_worries seems I was too late to the party! I unfortunately lost 50% of my account in the last two days… unfortunate! Good job on all your analysis from last year, seems you have done very well for yourself 🙏🏽
without_worries
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@St0nez, Sorry to hear that. There are lots of great options going forward. ADA is not one of them.