roymaga2

roymaga2

Fixing the last idea. The support is just a few points down.

roymaga2

Cardano Foundation just published the news about "1 MILLION delegated wallets!" on Stake Pool Delegation, Staking and Stake Pools. This means that there is a strong support that is staked right now. This is the very same support that we achieved on July. The bullish trend that went up to 3.1 was a snowball of hype that emerged because of the announcements of Smart...

roymaga2

I believe that ADA will return to the previous bullish line as it is quite low right now. The current price recovered because of all the limit orders bellow 1.40. It should stay or recover from that resistance.

roymaga2

This is my trend analysis. We are facing a bearish trend. We can validate it by comparing the high peaks. I decided to sell just in case.

roymaga2

ADA when a correction happens always follows ETH and BTC. This time, ETH already recovered 8% while ADA is still at the bottom. Solana entered as a game-changer, and now, people lost faith in ADA. My call is still the same. I will remain at ADA. But. Long, long term.. from 3 to 6 month at least.

roymaga2

A friend of mine asked me to analyze this coin. This is my first analysis.

roymaga2

We should expect to stay inside the green area, unless new investments arrive to Cardano. We saw how the trendline change in the last correction. We witnessed how stable Cardano stayed for the last weeks. Now that we broke the stability resistance, we can gain hopes again. My Future is now stablished at 2.06, won´t take profit until we get up to 3.1.

roymaga2

The drop was had a volume of 300M USDT The price dropped 0.18 We still have to wait for the stability, because it seems it is a forced drop. Every major coin had the same drop at the same time (5AM). But, as always, this correction eventually will come back, just wait a bit to see what happens in the next 5 days. DO NOT PANIC.

roymaga2

The crossroad end with no casualties. There was a bit of hope when it got up to 2.29, but the price rapidly returned to the slow but steady treandline. We will have to wait to the next Cardano´s milestone launch.

roymaga2

We are facing a crossroad. last time, when the fall crushed into the support line at 2, the trendline slowed down. We are now at the limit of the new trendline resistance, so is a warning for me. I have a BUY future at 2.17 waiting, hope we do not lose the strong support at 2.

roymaga2

The trendline lost impulse and now floats between 2.01 and 2.31. In short, use a margin of 0.25. In long, is a good moment set positions.

roymaga2

I created the trendline from July 23th, but it should have been from July 21th. We keep going into the same patter, and we should validate it on the following hours as we are facing again a breaking point.

roymaga2

At some point, after all the rollercoaster, we came back to the old growth trend line. Is amazing how volatile crypto is, but at the same time, how systemic. As always, the triangle that creates a conflict zone. My guess is that it will carry on with te pattern on the long run. BTW, Cardano summit was great.

roymaga2

Well, as every single month for the last 24, the 21th is the twist day. It changes the trend line. So, after an abrupt fall, I spect to raise up to at least 2.58. Recovering supports. So far, we just recovered the last lost support of 0.27. Wait to see.. good moment to buy futures.

roymaga2

As expected for any technological launch, the release is not the big date. Once out every tech has to be tested, matured, and acquired by the early adopters. Cardano´s updates and smart contracts release will show a strong increment but in a long (1Y) term. Spected to double. yet, we have to deal with reality. We lost a support, and a new breaking point is...

roymaga2

This is my final statement. Wait for the support to return. Hold. Be happy.

roymaga2 Updated 

We can assume that each time there is a continuous drop with a strong support at some point it will change drastically. Imagine there is a big whale with a lot of coins that wants its way out, it will exchange all the buy positions, until the money is out. Then, because the price dropped, a new whale takes it place. Some times, this is a way of adding value to a...

roymaga2

This happens every month. If you paniced, then just get stronger for the next one. Check for last two years, there is a 15% to 25% drop every single month. That said, I hope that we will return to 2.95 on September 11th, and maybe, break the ATH on the 12th, but just for a few points, like, 3.18.