Cardano will get a boost when Shelly is released and then continue its down trend.
This chart shows the upside target and next downside target assuming continuation… Continuation is statistically more probable than reversal. Furthermore, the next downside target will have finally hit the very first head and shoulders target established in the first bull run. This thesis is also supported by the slow roll out of the stages. It is a great project and it will likely do very well… but it will take some time to build and demonstrate its promise.
This chart shows the upside target and next downside target assuming continuation… Continuation is statistically more probable than reversal. Furthermore, the next downside target will have finally hit the very first head and shoulders target established in the first bull run. This thesis is also supported by the slow roll out of the stages. It is a great project and it will likely do very well… but it will take some time to build and demonstrate its promise.
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