As published a couple times earlier, the cross has completed the flat correction.
Risks: as usually, for the complication of the pattern (we have only a three-waves corrective pattern, that may transform itself into a wxy or even a wxyxxz pattern)
Anyway, I assume the direction to the north, and we are getting the first impulse up for the mid-term trend to test...
The dark times as per on the chart might have passed for good.
It doesn't seem the market is clear if ADA does deliver more value related to ETH based on the ADA/ETH valuation chart arrows and question marks "?", but it does certainly looks stronger versus dark age 2020 black rectangle pocket time frame.
It's a bullish sign, as much as in the other idea the...
Looking at the ADA/ETH valuation it's clear that we are coming to a decision point. In my opinion, we are likely to see a reversal if the market remains relatively bullish (broader markets potentially making a reversal). ADA/USD has been in a significant downtrend, the recent transaction volume on the network suggests that ADA may be primed for a...
Feel like we could get a bulltrap soon, expecting crypto to go lower over all, but there are some supports broken wich didn’t had a retest as resistance. If we go up this way and everybody starts to give price projections for ath’s I will know for sure we are going to dump again. Do with this whatever you want it’s just an idea
ones useless (ada) ones useful (eth)
expecting this chart to be down 99% at some point
dont buy ada, it does nothing, the infrastructure is outdated and useless
theres also noone that matters building on it
it also has 0 usecase after sol atom and dot and the 50 other L1s that made ada obsulete as an eth killer
the narrative was strong amongst kooks
Ooohhh, maybe one day $ADA or $ETH will be a completed product. Have fun waiting years
ABC may be complete, it is possible to count a complete impulse down with the extension.
What does it mean?
1. Cardano buy
2. Ethereum/usdt - potentially short.
Look also for the update ETHUSD in the next post
ADA has bled 57% against ETH since 29-August.
With so much luster lost, a push through would need to be strongly proven here.
Not financial advice. I do admit to holding some ADA (that I have not sold in favor of ETH). Please #DYOR.
Looking at the ADA/ETH weekly chart, which has been on a downtrend since smart contract release, it seems like we may get a bottom soon.
Low volume on the downtrend + almost at the December 2020 bottom makes me believe a reversal is coming soon.
Still in ETH pretty heavy in comparison, but will look to rotate if we get in the range of .0002 -- .0003
An interesting chart.
Price is making a flat pattern, a couple of weeks of relative ADA weakness, and the continuation to the upside.
In line with ADAUSD forecast, published earlier, see the link below