$ADA yet to conform breakout?

[Lasky366]

$ADA

We have a Descending Triangle fully formed and currently ADA testing the Horizontal Support. Short can be considered if there is a confirmed breakout of the Support Zone around 1225 sats.

[aprilnot]

yesterday I discussed with my friend about the Cardano situation for some time to come. I concluded that the ADA trend had begun to reverse. before the 29th yesterday, Cardano experienced an increase due to FOMO, but after that passed there was no longer anything interesting to make ADA survive.
and if you look at the chart that you shared, there is seen that the trend down has begun.

[casperBGD]

yesterday I discussed with my friend about the Cardano situation for some time to come. I concluded that the ADA trend had begun to reverse. before the 29th yesterday, Cardano experienced an increase due to FOMO, but after that passed there was no longer anything interesting to make ADA survive.
and if you look at the chart that you shared, there is seen that the trend down has begun.

why do you think that, is it just from the point of technical analysis?
Cardano recently announced Shelley hard-fork and development is on-going in every aspect, you think that there is no prospect for them?
https://forum.cardano.org/t/here-s-a-brief-shelleysaturday-update/36382

[aprilnot]

yesterday I discussed with my friend about the Cardano situation for some time to come. I concluded that the ADA trend had begun to reverse. before the 29th yesterday, Cardano experienced an increase due to FOMO, but after that passed there was no longer anything interesting to make ADA survive.
and if you look at the chart that you shared, there is seen that the trend down has begun.

why do you think that, is it just from the point of technical analysis?
Cardano recently announced Shelley hard-fork and development is on-going in every aspect, you think that there is no prospect for them?
https://forum.cardano.org/t/here-s-a-brief-shelleysaturday-update/36382

for the future yes, but not for now. With the existence of Shelley Cardano does have very good prospects in the future. but for the next few weeks, I don't think that will have an impact. people are focused on ethereum, in a few days ethereum will do a testnet. this makes market speculators try to change the situation. You can see ethereum prices starting to rise because of this. same as other crypto. prices will rise when approaching an update. but after that the price will be stable. the impact of the update will be felt in the next 3 or 4 months. so after a hard fork, normal for cardano has decreased.

I can be sure of this, because I've seen it often. bitcoin havling, litecoin halving, BNB Token Upadate, and others. all have the same pattern. and the last is ethereum, watch and wait after the testnet is finished ETH prices will stop rising and stable or there could be a decline

[judaspriest]

I think ADA will go back down, it looks like some big altcoins like XRP, LTC and ETH have increased,
but ADA is currently experiencing a decrease, because ADA has gone up high,
I think it's better that ADA has corrected first before returning to bullish

[zasad@]

ADA is the coin to buy for long term investment. There are now enough coins on the market for short-term speculation.
In defense of cardano, I will say only that their team consists of professional developers and they make decent products for the financial sector. 1-2% of your financial portfolio can be kept in this coin.

[Ridwan Fauzi]

This coin has been increasing since a few months back. Maybe if the price broke the support's area it will just a retrace and the price will goes up again.

Agree, with some comment above me who stated that ADA is a good coin and you and some people here need to have this coin in their portfolio.

Changing its system will make ADA fully decentralized and this one is something that crypto user want. So, as long as bitcoin's market is going good it means for ADA's market as well.

[target]

It seems to be the strongest support. If it breaks out, there will be a lot of buyers going to be holding ADA after it.  A break out is an opportunity not denied for small investors and price like $0.08 would mean a good stash for keeps. The token wasn't in the top 10 before this massive growth, ADA could be the next best project after ETH in the next few years as some fan said.

[ScamViruS]

$ADA

We have a Descending Triangle fully formed and currently ADA testing the Horizontal Support. Short can be considered if there is a confirmed breakout of the Support Zone around 1225 sats.

Now that the market is in that position, it is difficult to predict anything in this place. The main reason for this is that Bitcoin is now unstable. Since Bitcoin is not stable now, something bad could happen anytime in the altcoin market. Top coins or low coins! When the market starts dumping, all the coins are dumped. The ADA follows the market trend like other coins. The support that Ada has now is very important, depending on this support Ada's next move. My own choice is Ada, so I will definitely keep an eye on the market to understand the situation.

[optimisticcm]

$ADA

We have a Descending Triangle fully formed and currently ADA testing the Horizontal Support. Short can be considered if there is a confirmed breakout of the Support Zone around 1225 sats.

I think soon ada will be able to break above this descending triangle, but if btc shows a parabolic type of bull run then obviously chances are higher for breaking below the triangle.