$Cardano (ADA.CC)$ Ooof. If this rising wedge plays out ADA ...
Ooof. If this rising wedge plays out ADA has much further to fall. I'll be waiting to buy.
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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102476025 : not waiting, am loading up as much...
The Neglect 102476025: Yeah, it’s not just about charts. It’s also about the narrative around it, and this is a shakeout. ADA is the best crypto when it comes to decentralized and secure.
DudeThatsDerpyOP 102476025: Then be prepared to lose potentially half of your value.
DudeThatsDerpyOP The Neglect: I love ADA, but I also follow the charts.
The Neglect DudeThatsDerpyOP: I just dont see the volume to support your thesis.
DudeThatsDerpyOP The Neglect: The volume may come. The main thing is that this appears to be a very clear rising wedge pattern on a higher time frame, which adds significance. It has broken below the previous support line, which shows a stark change in sentiment. There is the potential it is a false breakdown and we rally soon, but probability is on the side of it completing the pattern target. Also notice how the PA of ADA has now pulled away from that of BTC.