Finding a floor and ranging for now

19 באוק׳ 2018

The weekly pattern shows an inverted hammer possibly signaling a trend reversal. Patterns and candlestick name-types are known to fake out in crypto so any other reasons cardano isn't lower yet is firmer support, holders gaming on a potential coinbase pump and fundamentalists bag holding. I see cardano ada staying inside this weekly apex formation possibly till the end of the year the longest. Cardano foundation news had little to no effect on price, outstanding! Ada could still could go lower if bitcoin touches it's $5750~ Fibonacci region or breaks.

I make no recommendations, this is not financial advise.