Don't be overly optimistic. No moons in April. Reasons in ideas below;
Short-term support (the green line) confirmed 6 times - a good TP for scalping. Resistance confirmed only twice. Also a popular price level at $1.18-$1.20 (adequate starting point);
The yellow dashed resistance from last two breakouts (to $1.48 and to $1.28) just got disregarded....
As I thought of, the nearest week was the one of a head and (broken) shoulders. It's culprit was the listing of ADA on Coinbase Pro. Those who wanted to gain 50% quickly, had their wish granted. Afterwards they swiftly pulled out.
The fallout from that emphathized the third-gradedness of this currency and a high probability of it going back into the shadows after...
The bulls rapidly lost steam, thus losing the bid to reach over ATH to the bears. It's the lasting result of the February bull run
The bears have not much time for celebration as the investment market is still superoptimistic thanks to relief and liquidity maximization though good perspective ahead with imminent ending of immuniztion and summerly weakening of...
Sometimes it pretty much baffles me how inpredictable the price for an asset really becomes. You can barely apply fundamental analysis: it would only define the security of your investment (by market cap) and the speed of your reaction (the time to produce one block). Thus this market deprives its participants of instruments to plan for future investments and it,...
Not gonna be overly pessimistic, but despite the recent stimulus news, it is going to pass us by and influence us a bit later (people with the fresh cash know BTC first, ETH second and the void filled by a tonn of other currencies (including ADA) - third. First will the freshman investor use up the opportunities of former two assets in both trading and investing,...
