Cardano going to 1.48, but what will happen when it gets there?

12 kwi 2021

Not much for me to chart here so I added a Benford's Law for the heck of it demonstrating that something is different about this current push up. The price action appears to be much more controlled than previous spikes. I will guess that we have new investors entering ADA assuming that it will rise up. I have no doubt that ADA can reach its ATH but what it does when it gets there it has not yet proven that it can hang on.

I'm looking to drawing some trends again with ADA. Trade Safely!

13 kwi 2021

Uwaga

Updating with trend lines - it definitely appears that Cardano will move higher in the longer term. The double-topping but higher low pattern, like BTC and ETH has gone through, will need to be broken through solidly.



We will need to validate support before this crypto can move from a 'speculative' asset to an 'investment' asset and offer a more consistent structure to forecast against.