The NeglectTony Best:
Is it the part where its the most secure, the most decentralized, the most stable, or maybe the most prepared for institutional and governmental integration? Wait no.. Maybe its the part where theyre in the process of making deals to handle voting in the US and UK. Hmm, I suppose it could be that it’s the only crypto that’s never gone down? idk
The Neglect102476025:
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.
$Cardano(ADA.CC)$ There is a medium-term rising wedge forming, whose target breakdown would be either 40 or 46, depending on when it actually breaks down. Looks like an ascending triangle on the 4-hour, however, which could potentially take us back up to around 70 first. See my post on BTC, which is showing a slightly different pattern.
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Kristopher Kreuzer :
the bread recipe supports this. the 5 crossed the 50 and 15 today. I believe we see a small run.
If this plays out in its entirety then we're only halfway there. Target is around 32-33.
Ooof. If this rising wedge plays out ADA has much further to fall. I'll be waiting to buy.
There is a medium-term rising wedge forming, whose target breakdown would be either 40 or 46, depending on when it actually breaks down. Looks like an ascending triangle on the 4-hour, however, which could potentially take us back up to around 70 first.
See my post on BTC, which is showing a slightly different pattern.
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