ADA or Cardano is showing the "JAWS OF WEALTH" type pattern, which could be interpreted in a few ways.  That may not be it! We'll give a couple interpretations to follow. The volume tells part of the story:  The diminishing volume seems like a consolidation. The price had it's first massive jump with an x7 in satoshi price. It could be the strong hands being stingy and not wanting to sell, coaxing the price to amplify up and up. The volume continues to speak, maybe there is a triangular settling pattern occurring:  We can see the bottom trendline is definitely up:  AND with support bases loving those Fib ratios. Speaking of Fib ratios, I drew some lines in experimentation:  So I'm really at a place of not having precision, but sure that something big is coming, probably bullish knowing what is going on with the popcorn symphony of ALTCOINS. Lastly, for some time notion, consider the Fib Circle:  I think we will see something big quite soon, and to follow with many other alts, XRP, XLM, DGB, SC, et. al. Now the markets have been consolidating and shedding weak hands for the next big one!!!
author | cloudconnect |
---|---|
permlink | ada-massive-profit-potential-many-alts-have-this-pattern |
category | cardano |
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author | morticon124 |
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permlink | re-cloudconnect-ada-massive-profit-potential-many-alts-have-this-pattern-20180114t215904107z |
category | cardano |
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