Doesn't really matter what altcoins to look at, since most of them react similarly within this market. I am currently stuck with Cardano, so I stick with it. The recent recovery seems weak and anxious, so I don't really trust it. It simply lacks enough volume to trigger a solid reversal. Looking at the long term perspective of the markets we'll find a continuous bearish sentiment anyway. I strongly believe that we will see a further strong down move within all of the coins and tokens soon. But most of them are facing a very strong support level close by. In the case of Cardano, I expect it to further fall down to 0.000012 and hover there for some time. Depending on the dynamics of the down movement, we could even see a move down to 0.000006 over the next couple of weeks. It is simply a fact that the majority of the market movers make solid profits on shorting coins, and there is not enough optimism for a solid reversal. Just enough to continuously short the markets. Prepare yourself for harsh times if you are still waiting for a bullish trend to come.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.