Good morning, Traders! Cardanos price has recently broken out of a smaller descending triangle to create this longer-term one. Most descending triangles have a very high chance to break bearish rather than bullish. Although, due to the magnitude that this break will entail, I don't believe holders and supporters of this coin will allow that to happen. If the...
Hi ADA holders !
TECHNOLOGY ADOPTION NEED LOG SCALE
I have decided to look more at logarithmic scale, because it make much more sens in the term of technology adoption that the classical linear scale.
I remind you that technology adoption grow with a sigmoidal curve, and the growth in this curve is exponential. So logarithmic scale make all sens with blockchain...
Let's start by saying Cardano is a good solid coin, and I think it is a common believe.
ADA went through a big jolt of Eliot Wave that started mid December 2017 and reached a peak on January 5th.
after the dust settled it was left quite used and abused to lick its wounds, and i do believe it is now coming to.
It looks like an accumulation zone, so everybody - stock up!
The Cardano Prize dropped further against US dollars and bitcoins. ADA / USD is currently well below $ 0.3500 and in a bearish zone but have increased the last 8 hours from $0.3 to $0.33.
The ADA prize is struggling to recover, and it recently fell below $ 0.332 against US dollar.
There is a large drop channel that resists $ 0.3205 on the ADA / USD pair...
