I strongly believe ada will crash to retest the previous ath of 2.40 then pump to around $3 again.
The chart looks stupid, but it helps me visualize what Im thinking, with the rampant pump crypto just had, and the mass speculation on where ADA will go after smart contracts go live only leads me to believe the masses will sell the news just like countless times in the past.
During early this year, when any crypto, but since we'retalking about ADA right now... ADA would pump 60 - 90% then correct around 30% EACH TIME!
a 30% dip would bring us to around $1.80 which is where the 50 day MA is sitting right now,
All this leads me to believe we WILL see a strong pullback
Should I double my risk and sell more ADA to double leverage my return, or should I wait and using profits from 3.04 to buy back if the price does retest to reduce risk to near 0?
Let me know what yall think
Cheers
The chart looks stupid, but it helps me visualize what Im thinking, with the rampant pump crypto just had, and the mass speculation on where ADA will go after smart contracts go live only leads me to believe the masses will sell the news just like countless times in the past.
During early this year, when any crypto, but since we'retalking about ADA right now... ADA would pump 60 - 90% then correct around 30% EACH TIME!
a 30% dip would bring us to around $1.80 which is where the 50 day MA is sitting right now,
All this leads me to believe we WILL see a strong pullback
Should I double my risk and sell more ADA to double leverage my return, or should I wait and using profits from 3.04 to buy back if the price does retest to reduce risk to near 0?
Let me know what yall think
Cheers