Cardano Forum & Chats (BITUNIX:ADAUSD.P)

2 days ago

can we stay down here til I get my bonus in 3 weeks...k thanks

5 days ago

just sit and relax and be happy to get some ada a these levels!

6 days ago

I think if you are still invested in this coin its time to switch to a longer term time horizon. Its possible this cycle is over and we will not be getting an alt season. We still have a chance with QT ending and there are other bull cases for Q1 and Q2 2026 but with the state of the economy (job market, stock market bubble, etc..) we may be in for some pain. Its possible all this could be priced into crypto already but if the stock market crashes crypto, as usual will crash harder.

When I look at the ADA chart I still see higher lows. And as long as it remains in the top 10 I will continue investing. I think its unlikely we go below 30 cents and highly unlikely that we go below 24 cents. But if the cycle is over I think 30 cents being tested is likely which would be a good buying opportunity. And 24 cents would be a fire sale.

Looking at my 1.618 bollinger bands from the 50W candle highs we entered overbought areas 3 times this cycle but could not enter bubble territory likely due to QT which will be ending. Looking at the bands from the lows we are entering into oversold territory for ADA. This does not mean ADA is a buy right now. When an asset crosses below the lower band, as a rule of thumb, I measure the time distance from the previous local high to the local bottom then double that to avoid buying a falling knife. I want to stress that if the cycle is over, ADA will likely fall in price for at least a year.