After a significant rise in bitcoin and altcoins, there was a local correction in many coins, one of which was Cardano. From its high, Cardano has corrected by 7%. Volatility is now narrowing, which means that the asset is gaining strength for a new spike! I think that the price could gather stop-losses below the trend line and then go up after that. The best buying opportunity would be to break the local consolidation and retest it as support.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
I don't understand dude, if you think BTC is in danger, why ADA's breakup is safe? If you publish long & short ideas in the same time at 2 coins, in this highly correlated market, at least one of them almost has to be right, but it doesn't prove anything
Yuriy_Bishko
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@pleasedPython36494, this is just a possible scenario, it does not mean it will come true 100%
pleasedPython36494
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@Yuriy_Bishko, It's not the point. It's just not right two publish long & short ideas at the same time in this highly correlated crypto world