Dear all,
The sentiment for cardano on social media is bearish which is historically always the case after succesfull releases. People not understanding cardano already forgot how smooth Shelley and Goguen was rolled out. Imagine what the release of Basho (scalability) will do with the future price knowing that de cardano blockchain is already an awesome working blockchain! The strong BTC price is now pressing down the complete alt market which is the textbook scenario of the cryptocycle. ADA will move some weeks sideways and a short break below the 2$ support line is very likely when BTC searches for its new ATH in the next days. Trend traders ought to wait for a re-break above $2.50 resistance to re-establish a clear Uptrend. After this, the ADA/BTC pair will outperform BTC like you never saw before.
Best,
Y
The sentiment for cardano on social media is bearish which is historically always the case after succesfull releases. People not understanding cardano already forgot how smooth Shelley and Goguen was rolled out. Imagine what the release of Basho (scalability) will do with the future price knowing that de cardano blockchain is already an awesome working blockchain! The strong BTC price is now pressing down the complete alt market which is the textbook scenario of the cryptocycle. ADA will move some weeks sideways and a short break below the 2$ support line is very likely when BTC searches for its new ATH in the next days. Trend traders ought to wait for a re-break above $2.50 resistance to re-establish a clear Uptrend. After this, the ADA/BTC pair will outperform BTC like you never saw before.
Best,
Y
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