Cardano (ADA) Could Signal a Trend Reversal

in #cardano6 years ago

SUMMARY

Cardano (ADA) has been correcting weaving its waves within the contracting downward symmetrical lines. The below chart shows one more lower low can be identified. Now, there are multiple ways to lable this pattern. I've chosen the easy for beginners to see a,b,c but a more complex wxyxz types can be used as well. If you get two Ellioticians in a room, there will always be disagreements on how to lable the waves. The green circle represents the buy zone area where a ladder can be cast. Should price decisively breach the upper white line; a different scenario as shown in the second chart can be used.

A decisive breach of the upper line of the symmetrical tirangle pattern would lead to an impulsive move of price. This would be a positive indicator to the bottom perhaps being in place. It would be intersting to see how the overnight price moves. Regardles, one more lower low or already in....exciting and profitable times are ahead of us!

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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If you look at the team behind this project, its hard to beat. Most legit blockchains look to IOHK to review their code. Charles Hoskinson is heading this one up. ADA should have a bright future.

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P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

Im very confused on what just happened? So don't comment on his posts? I was just making a comment on the team behind ADA.

Probably Charles Hoskinson is a piece of shit like Dan Larimer? That's what the good whales say anyway.

I love ADA and have it and holding for 3-5 years.. should be good

Thank you! Can you do an analysis on VeChain? (VEN/BTC on Binance)

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Always look for the berniesanders(-18) indicator. It usually shows great activity when prices are on the verge of reversal!

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Surprising when everything is down only cardano is up

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Hello Haejin, gladly I've follow many of your TA and over 60% are and where right, you are making a good jo so I don't understand why so many ppl hate you.
In the other hand I'm just a Minnow, I've followed You for a few monts, this's the first time I ask ppl to watch one of my graph, so if you think it's valuable take a look at my blog.
U5drXiYxEiAMWwXyV5BXzQgrofw78We_1680x8400.jpg
Hope You all get strong hands and massive proffits <2+1

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I thought an agreement was struck???? In fact there was...this just confirms that you are untrustworthy and do not follow your word..that to me, is one of the most important things about a person's character...you my friend are toxic to the community

BTW i've just unfollow the fuckhead of @berniesanders such an asshole bastard who cares more about bringing someone down than being a nice poster, just like cancer, I hope he dies by chemiotherapy.
@haejin, just keep up the good work, I'm sure that your TA made criptiollinaires to many folks.

I got you buddy (with an upvote!)

Sin título.jpg
This is sad, so very very sad, It was just an opinion and ppl downvote the f//k out of Me? is that the comunity you want you selfish as//le? I'm just a minnow with 15SP you brainless awfully bad person!

It does not matter who you are, but if you read the @haejin, then find the strength to do it calmly, without emotion.
If you do not agree, just find the facts in publications (facts very hardy) and show these facts in your posts (but remember, just the facts).
Everybody knows how it works when someone wants to be an analyst. Calling the emotions of other people ..., hmm, the analyst does not do it, it makes an alarmist.
If you are right in your quiet observations, I'm sure other people will pay attention, maybe they will even be grateful to you.
And while you just scream ... " the moon does not heed the barking of dogs"
Do not be a dog, please act like a sensible person.
If you agree with posts @haejin, then you know how to express your gratitude to the author.

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Thanks for your hard work! ADA feels like a solid long term HODL. Just BTFD!!!

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oh bernie...

thanks for update. happy to see this. Ada is going to rise.

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Money in the bank!

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Have you read any of your own posts they are extremely lame . 2 plus 2 is 4 minus 1 thats 3 quick maths. Dont be a jelous hater you content is just crap

I kinda hate the banks, I have my reason to belive they act in the most self interested way possible, and I mean, just for 10-15 ppls in the whole world, how slefish is that? how centralized? the one thing they care is power over EVERYONE, not a country, not a thousand, I'm pretty sure they onle care for 10-15 individuals top.
Long live the anarchy! (too bad we are centurys away to be able to have it, sice anarche basis is that every single human is good and won't harm or betray any other)

This is a really good news that Ada is going upward. The steem dollar also reversed its trend and has gained some value in the past day.

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I hate Steem. Volunteering to be abused by the ignorant is stupid in my opinion.

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same analysis as btc, ltc, xvg haha it's all the same

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@BernieSanders Lol You're so butt hurt, Haejin deserves every last dollar being ripped out of your pathetic socialist hands. Go move to Cuba and get in the bread line

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Congratulations @haejin, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 361 and the total pending payments to posts in this category was $11828.71. To see the full list of highest paid posts across all accounts categories, click here.

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Really a Nice Artical :)

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@haejin - I see another one that could signal the end of correction. Look at ETHOS-USD chart and this beautiful bull flag following almost vertical rise during extended 5th. For me, it looks it's missing one leg down.

There is a perfect bundle of resistance on the level of 4th wave ($2.4 - $3.1). Reaching this level could/should coincide with other alts reaching their respective bottoms.

Kisses for bernie - I hope You've got light in Your basement.

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Thanks @haejin You are a font of crypto knowledge, I always enjoy your analysis... Really need to dedicate some time to watch your Elliot Wave counting tutorials

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I am new to Steemit and did not know this... I have now just received 13 downvotes in like 5 minutes... I'm very upset.. I have been putting so much of my time into this platform for the past week, trying to grow my followers and my reputation and you do this to me... You could at least warn people... I'm gutted about this :( :(

ADA is good project. But I think it will never be better Ethereum

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Its a solid project, hopefully we can be on the up from here

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We'll see what happens..

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About BTC u mean? well, I made a post recently concerning that, but resuming it I said (sayd? how's it "said"?):
Maybe the bubble full explode, maybe is just anothe pannic sale phase, I just hope that ppl that are "losing money" (and I quote that b'cause I don't belive they're losing, just a temporarly thing) won't be "losing" nothing they can't afford to lose, like food or rent money, thing (BTC) will recover, we are in a WAY early process, pls read my post, just read'em, don't upvote'em or anything, just i'm kinda drunk and I can't explain mysalef as correctly as I've done in my blogs.
PS: I love beer <2+1