Sorry for the mess, i hope you are able to read it. ADA is following the Wyckoff accumulation model in detail. We are right now in the "depression" phase of Wyckoffs accumulation theory, we are seeing all other coins rally while ADA stands completely still. Never the less, The patterns of ADA are starting to point to bullish and i believe we will work towards my...
CPI numbers came out as ADA tested it down trendline after breaking it. Today we had a great bounce marking the end of the downtrend. We got no more negative catalysts for 2021 and looking at ADA/ETH we are ready for a period of Cardano dominance again. Who else bought the dip? ;)
CPI numbers are out, we saw 0.4% inflation which is a luke warm number. I'ts not a good number for crypto but it was already priced into the markets. We barely got a reaction and this paves the way for higher prices since this pretty much was the last negative catalyst for the rest of the year. We broke the downtrend a couple of days ago and now we are retesting...
ADA is a sleeper, historically, Cardano has stayed stagnant while ETH and BTC make the first run. When BTC retests it's ATH , ADA starts to move upwards at an accelerating pace. Today (Wednesday) we get the inflation numbers which pretty much is the last negative catalyst for the rest of the year. A perfect point for ADA to start its trend up to $5.