NOT A BIG ADA FAN BUT... THE CHART LOOKS LEGIT!!!
Updated
So there is 2 things to keep in mind. First is, every parabolic movement comes to an end with a big correction or crash. Second usually alts gets destroyed by BTC when BTC makes a big movement either way.
With these in mind lets look at the chart. We could easily spot the CUP & Handle formation on the chart and an other formation is the inverted H & S formation in the handle. So ADA has formed shapes that it needs to explode.
Also lets look at the moving averages as well.We had a Golden Cross on May 22th and there is no resistance above for a while. My thoughts are as long as BTC keeps its value, doesn't even have to move up, just keep its value, ADA will explode!
As always just a thoughts, not an advice.
With these in mind lets look at the chart. We could easily spot the CUP & Handle formation on the chart and an other formation is the inverted H & S formation in the handle. So ADA has formed shapes that it needs to explode.
Also lets look at the moving averages as well.We had a Golden Cross on May 22th and there is no resistance above for a while. My thoughts are as long as BTC keeps its value, doesn't even have to move up, just keep its value, ADA will explode!
As always just a thoughts, not an advice.
Note
If you have read the comment, the warning paragraph, the first paragraph has became reality. BTC rose faster than it should and lead to the crash. Which also lead to alts getting destroyed. Now will wait for the market to cool down. Lets see how it goes.
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