Ada! She’s a cruel mistress she is.
That she is! But if you stick with it, your rewards will be vast… or that is the hope anyways… right? Let me introduce myself. Hi, I’m that guy. You know the one that holds through the highs and the lows. So, I can give advise and technical analysis all I want but don’t you expect me to follow it. Scared money don’t make money, so they say. But my fear clutches have spun a time chrysalis where my portfolio is exactly as it was when I first leaped into the crypto scene four years ago… In your face crypto market!
And with that said, what are we looking at on the current daily timeframe.
For real!?
Who hasn’t been here before? Dollars to crypto meme doughnut coins that, that bitch stays in the cone of silence right up to the last possible minute before making a move. Because that’s what ADA does.
Up or Down?
Don’t know. 50/50 I suppose. If one is more likely it may be an up move due to the MACD looking perhaps bottomed out on the daily.
Yet, the 4hr tells a different tale.
Though we may be on the upswing (and it could still be too early to tell) on the daily time frame, we could have to be patient while the four hour does its thing to get us there.
I would also like to point something else out.
We have a decently sustained upward crossing of the 200 day sma over the 300 day sma as circled above. Currently the 200 and 300 day sma’s are at $0.557 and $0.614 respectively, which means that that we could very well drop to the $0.58 mark as it has been a reactionary area in the past.
Or the negative momentum building on the 4hr just takes us to the very tip of the cone we looked at earlier and continues the upwardness of it all.
One thing is for certain, I’ll never sell.
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