ADA Valentines day break-out or correction? Just HODL
Updated
ADA holders would be silly to trade in the month of February.
Although many have a point saying ADA could retrace looking at Fibonacci levels. However, there is so much positive news/hype around ADA that this will possibly be stronger than any technicals at this point.
Hoskins, CEO of Cardano, has mentioned that February would be huge. Not only technologically with the full decentralization, but also in terms of liquidity. This is simply stating (my opinion) that ADA will finally be listed on Coinbase. Coinbase has been working together with IOHK - the tech side of Cardano - since 2019. A Coinbase listing most of the times results in a 2X increase in the price of a token/coin.
Don't miss out by selling now in anticipation of correction to 0.75-0.80 levels. Before you know it ADA is sitting at 2 USD+
Although many have a point saying ADA could retrace looking at Fibonacci levels. However, there is so much positive news/hype around ADA that this will possibly be stronger than any technicals at this point.
Hoskins, CEO of Cardano, has mentioned that February would be huge. Not only technologically with the full decentralization, but also in terms of liquidity. This is simply stating (my opinion) that ADA will finally be listed on Coinbase. Coinbase has been working together with IOHK - the tech side of Cardano - since 2019. A Coinbase listing most of the times results in a 2X increase in the price of a token/coin.
Don't miss out by selling now in anticipation of correction to 0.75-0.80 levels. Before you know it ADA is sitting at 2 USD+
Note
It seems like ADA is moving side-ways a bit longer (to keep the RSI down a bit, as ADA was overbought at 0.95 levels). It's showing to make a bull flag, which means the upside potential is still there.Note
Additionally ADA dipped to 0.78 which is the dip some expected, so we've moved on from there. The buying pressure is so big that we didn't stay very long at that level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.