What goes up must come down – Cardano Edition
2 min read
What goes down must come up!
Hi everyone!
Iam in this sub for quite a time now and since 2019 iam watching Charts for 3-5hours/day.
FYI watching Charts doesn’t make you rich.
But when I learned something: If something went strong into one direction it bounces back into the other direction. It’s only a matter of time. (Your financial advisor probably might tell you something different “It goes up during the next 30years, just invest” ..whatever)
Let’s focus on Cardano. Even though iam strongly into technical Analysis I don’t want to convince you on a basis of TA that Cardano is about to go up again. Because TA-guys can only reduce the % that they are wrong, but they still can be wrong!
I try to convince you with simple thinking that Cardano will go up again. So lets break the Cardano Chart.
1) 1100days of Accumulation.
2) Beloved bull-run
3) The drop
Conclusion
So basically two things could happen now.We see an immediately bounce and Cardano starts to recover to 1$ first. Or we see another accumulation-zone. This would mean we have some month/years to go until we might see another high.So overall you’re wondering why even post this, because you can see stuff like this yourself.
Right, but iam to give you a reminder: What you guys think is better to invest?
When we pumped 2000% or when we drop 93%.
I know this feels like catching a falling knife. It definitely is! It can surely drop more and take some time until it goes up. But everything that goes down must come back up 🙂
Have a great day!
submitted by /u/DREAMINDIVERX
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