Fear in the markets are at ALL TIME HIGHS, there is blood in the streets, everyone thinks crypto is going to go much much lower. But is it? Only time will tell. Let me tell you what I am seeing. ADA has been following the same chart patterns as BTC did in the crash of 2018. Take a side by side look at bitcoins parabolic move to the blow off top and look at the pattern on the way down, it is almost identical (besides the quicker capitulation on ADA where BTC flattened first). BTC crashed approximately 84% in 1 year; ADA has crashed 87% in 9 months. The crypto space has matured… the crash of 2018, BTC crashed 84% while alts crashed 98%; this time around I can see alts crashing around 85% where as BTC holds to approximately 60% drop.

Both BTC and ADA have hit major support targets! 30k and . 40 levels are very strong levels of support. We are not out of the woods by any means and any long positions from here need to be monitored very carefully! If these levels break for BTC and ADA we won’t see support until approximately 18k and .15 respectively. We should be able to tell within the next month or so the direction the market will be heading. And after that, we will probably have an extended accumulation period which will most likely not be very exciting.

ADA Vasil hardfork is upon us. The release date for the hardfork is June 29th. I expect this to push the price up on ADA to approximately $.75-$1.00 where we will be met with heavy resistance and be pushed down to current ADA prices or maybe even a double bottom at approximately $. 40 .

Opportunity has been given to us, we need to capitalize on it! The future is bright for Cardano ; so grab your shades, a mai tai and accumulate. While we are relaxing on the beach, Cardano is building the rocket that will one day bring us to the moon. 🙂 Cheers.