Now this is how a textbook descending triangle looks like. Since ADA is one of the top altcoins and whales are taking its chart very seriously I say crypto is pretty much done at this point. In May Dogecoin was a bearish signal, now it's Cardano.
Note
"Bought in instance" and we're talking about a small altcoin here with mediocre liquidity. Of course it was a hard bounce, imagine you're a whale and you throw in a couple of millions, you think it will go up by 1 % or less? I only see a re-test of previous support that now turned in resistance. That large wick means jack shit, altcoins don't have perfect charts, they're full of wicks up and down, again the reason is mediocre liquidity.Note
Top comment got too many likes. This tells me I'll be right in the end. Keep hodling your shitcoin to 10 cents.Note
I drawn this descending triangle the wrong way, but I still think it's descending triangle. Price didn't go through previous top so another lower high, so yeah f* you all.Note
I was wrong on Cardano scam.Note
Ppl who think I got rekt, I was clear at the start that I'm not shorting ADA. Your wet dreams are not gonna come to fruition.
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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.