Coin we all know to well and made a ton of cash from in the past.... ADA is on a downward trend and was trying to hold support but after BTC took a dive it let go..
You can see we held at the .786 fib for 3-4 days and that was the last help this coin was going to get.
Long way to fall here as you can see the first minor support is down at .00001417 this we may see a bounce and buy zone if not we go back to the bottom bottom .00000930 if we hit this level buy as much as you can.
If holding and want to hold long, forget your love for the coin for a few days sell now and buy back lower. Short this coin, if you did that 3 weeks ago you would be holding 50% more ADA then you are now if you entered now imagine how much you would have by the end of the trend. Don't be scared to sell because your friend told you to hold, no one will throw you bank a life jacket, this is the time to learn to swim.
ADA how many of you actually know anything about the coin? Other then it's popular and has made people money in the past.
It's a payment processing platform used to send and receive digital currencies securely..... we already have loads of them look at them coming out everyday. The coin is on a downward trend but was it worth the price of it's high in the first place? Who gives a sh*t anyway if it's going up we are buying as we know the profit potential. I don't think it's worth what it's trading at now, of course this comment will bring out the ADA lovers, but ADA lovers tell me something that will change my opinion, something that i don't already know from their online data.
Right now to save the questions, I have friends calling me saying 'Cardano is so cheap have you bought any yet' the answer is NO. I have just showed you the next 2 support levels down (black lines) it still has a long way to fall before bouncing. Unless they have some amazing fundamental info to come out, this coin needs much more time to head down and get into a buy zone. Then we can expect 300% profits from ADA by mid to late year.
This is the first educational post I have done on a coin the main reason is I still see people loading on on ADA , don't buy downward trends there are much better charities out there then 'Cardano' if you want to throw money away. Especially when most people don't even know what it is or does, for all you know they are a florist!
Enjoy Peeps, Next update won't bore you next update let's make some cash! Cash Is King, follow me for more.
Right now this move isn't confirmed we are still trading in the channel above and don't have a breakout.
Also from where this coin took off it wasn't a support or anything so I wouldn't be surprised if this is just a pullback and tomorrow there are going to be some people saying i wish i never bought back into that horrible coin.
But let's hope i am wrong because if we do break that channel i'll race you to it as I will be in!
We are still moving down nicely and awaiting an entry.
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