Hello again fellow gamblers,
I can imagine what is going through every ADA holder at this time: "Why are we not pumping?"
Only the lords of the charts can answer that question. I rather not dig in this deep rabbit hole, it's almost nap time.
I do, however, have some interesting to show you all.
I got for yall a comparison between
ADAUSD and 
BTCUSD:
1) Trendlines:
- We need to be aware that bitcoin is getting pretty close to that trendline, which means that it will probably face some resistance around that level and a possible downside move can happen. A dump on bitcoin could mean a huge dump on Cardano, if the buyers cannot hold that $0.6 support.
2) Purple arrows:
- If you place your attention on the purple arrow in the chart, you will realize that while Bitcoin started to pump after election day, Cardano was moving but slowly. It took some time for the momentum to pick up. The same is happening today, which means that this is normal and that soon Cardano will have their moment to shine.
3) RSI:
- The 3rd thing I would like to highlight is down at the RSI. Bitcoin has finally broken the lower high resistance that was being formed in its RSI. What does it mean? IDK, but it does makes me believe that a retest and a potential pump will happen soon.
It is time to set your alerts, check your bags, and listen to "How to fix anxiety" videos on Youtube. Things will begin to pick up pretty soon.
I can imagine what is going through every ADA holder at this time: "Why are we not pumping?"
Only the lords of the charts can answer that question. I rather not dig in this deep rabbit hole, it's almost nap time.
I do, however, have some interesting to show you all.
I got for yall a comparison between
ADAUSD and BTCUSD:1) Trendlines:
- We need to be aware that bitcoin is getting pretty close to that trendline, which means that it will probably face some resistance around that level and a possible downside move can happen. A dump on bitcoin could mean a huge dump on Cardano, if the buyers cannot hold that $0.6 support.
2) Purple arrows:
- If you place your attention on the purple arrow in the chart, you will realize that while Bitcoin started to pump after election day, Cardano was moving but slowly. It took some time for the momentum to pick up. The same is happening today, which means that this is normal and that soon Cardano will have their moment to shine.
3) RSI:
- The 3rd thing I would like to highlight is down at the RSI. Bitcoin has finally broken the lower high resistance that was being formed in its RSI. What does it mean? IDK, but it does makes me believe that a retest and a potential pump will happen soon.
It is time to set your alerts, check your bags, and listen to "How to fix anxiety" videos on Youtube. Things will begin to pick up pretty soon.
Disclaimer
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.
Disclaimer
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.