AvocadoPool

AvocadoPool

ADA bounced off the $1 support as expected in our last post - We loaded up on ADA as well! In the bigger picture, I expect the crypto sideways phase to last around another 6 months before we see new ATHs. Prognosis: - ADA is likely to continue to the previous local top at $1.60. Ideally, the price first retouches the broken downward trend area around $1.10/$1.20...

AvocadoPool

Cardano moved sideways, being neutral in the short run . In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months. Prognosis: - Likely: ADA is likely to continue to the previous local top at $1.60. Ideally, the price first retouches the broken downward trend area around $1.10/$1.20 - BUY OPPORTUNITY! ...

AvocadoPool

Cardano convincingly broke the resistance following an upward channel (blue). Grayscale helped. In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months. Prognosis: - Likely: ADA is likely to continue to the previous local top at $1.60. Ideally, the price first retouches the broken downward trend area...

AvocadoPool

Today, Cardano is jumping upon breaking news that Grayscale is adding it to its inventory ! In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months. Prognosis: - Likely: ADA is breaking above the resistance of top with the green (4) at $1.40. Ideally, the price continues on to the medium term target...

AvocadoPool

On-chain analysis is a fundamentals driven approach rather than based on hype, sentiment or technical analysis . We compare the value of the network with the volume of transactions recorded on the blockchain, we can identify when a cryptocurrency is overvalued. When the value of the network is not justified by the volume of transactions, the NVT ratio is...

AvocadoPool

Let's look at Bitcoin on a log-scale plus a logarithmic regression channel. The most elegant solution to make sense of what has been happening for a decade now, inspired by Youtuber Ben Cowen. We can see that all market tops & bottoms have so far touches the support and resistance curves. However, during the current cycle we haven't even come close to the...

AvocadoPool

Recently, Cardano broke the downtrend in the 4th attempt! A relief rallye after the ATH sell-off could start. In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months. Prognosis: - Likely: Since ADA broke the resistance around $1.30 it's overbought in the short-term. Ideally, the price goes down to...

AvocadoPool

Recently, Cardano broke the downtrend in the 4th attempt! Now upside is on the horizon. In the bigger picture, ADA has been affected by crypto market weakness. I expect this to last around another 6 months. Prognosis: - Likely: Since ADA broke the resistance around $1.30 it's overbought in the short-term. Ideally, the price goes down to around $1.10/1.20 to...