Continuation to Road to ADA
ADA seems to find support at 2.00$ also the Pitchfork (Thick Grey Line)coinciding with the previous Bottom seen in July.
Trading Range has been from around 2.00$ to around 2.2$ since this chart was Published.
Also Cardano is no longer 3rd. It has now been overtaken by Tether.
Two scenarios:
1. We going to see a breakout to the Upside soon or
2. The price break will loose support and break below the Support level of 2.00$?
Also things to keep in mind: FUD, China & the Evergrande Debt Situation.
1. Bitcoin was hit on multiple fronts during the month, including a botched roll-out of the coin as legal tender in El Salvador and tightening of regulatory oversights in the US and China.
2. China's central bank last week said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in the country after a crackdown on the volatile digital tokens.
3. US Securities and Exchange Commission chair Gary Gensler said earlier at the conference there is potential for cryptocurrency to be considered a security, and platforms to be seen through the lens of those regulations.
Patience seems to be Key. :)
Trading Range has been from around 2.00$ to around 2.2$ since this chart was Published.
Also Cardano is no longer 3rd. It has now been overtaken by Tether.
Two scenarios:
1. We going to see a breakout to the Upside soon or
2. The price break will loose support and break below the Support level of 2.00$?
Also things to keep in mind: FUD, China & the Evergrande Debt Situation.
1. Bitcoin was hit on multiple fronts during the month, including a botched roll-out of the coin as legal tender in El Salvador and tightening of regulatory oversights in the US and China.
2. China's central bank last week said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in the country after a crackdown on the volatile digital tokens.
3. US Securities and Exchange Commission chair Gary Gensler said earlier at the conference there is potential for cryptocurrency to be considered a security, and platforms to be seen through the lens of those regulations.
Patience seems to be Key. :)
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