Tales_Of_The_Crypto_Investor

Tales_Of_The_Crypto_Investor

My interpretation of critical trendline support. Not advice, just my own biased observations. Expecting growth when market is in full agreement bitcoin is done being nasty.

Tales_Of_The_Crypto_Investor

The weekly pattern shows an inverted hammer possibly signaling a trend reversal. Patterns and candlestick name-types are known to fake out in crypto so any other reasons cardano isn't lower yet is firmer support, holders gaming on a potential coinbase pump and fundamentalists bag holding. I see cardano ada staying inside this weekly apex formation possibly till...

Tales_Of_The_Crypto_Investor

Cardano is still relatively dependent on bitcoins next major move. Regardless behind the scenes Emurgo hires a Chief Marketing Officer Florian Bohnert Forbes 30 Under 30. Also a recent Indonesian supply chain venture has been created with around 700 stores that will use ada in the future. Lots of room to grow with upgrades before the next giant wave of people...

Tales_Of_The_Crypto_Investor

Looking further out, this is with a fib retracement on the monthly candles. We've had clear support with some more room if needed to go down a little more within the triangle or a possible 3rd touch outside wick.