Many are calling to go long on ADA now. So I take a close look. Fibonacci 0.786, is pretty much the only thing Cardano ADA has going for it at the moment. I see no Bull signal anywhere yet. Many people have high expectation for this coin, myself included.
Corrections usually goes overboard. Yellow trend line is my take for the ADA true value. Should eventually work it way back to that and then more hype will kick in.
I'll wait for the Bull flag which should be soon. If it drop below 2252 Satoshi, Fibonacci will rise for his grave and say "WTF is going on with crypto?" :)
Corrections usually goes overboard. Yellow trend line is my take for the ADA true value. Should eventually work it way back to that and then more hype will kick in.
I'll wait for the Bull flag which should be soon. If it drop below 2252 Satoshi, Fibonacci will rise for his grave and say "WTF is going on with crypto?" :)