Crypto Analyst Oversights on ADA’s ‘Death Cross’ End-Game for December
- Crypto analyst discloses how he projected an end of death cross for Cardano which occurred on December 7, 2021.
- According to him, at $1.35, ADA’s price will not decline again.
A Twitter page named @InvestAnswers posted today that they projected an end-game of Cardano’s (ADA) ‘Death Cross’ signal to occur on December 3, but it did not happen. Rather, ADA’s death cross oversight took place on Dec 7, 2021.
#Cardano #DeathCross just hit – in Sept I had projected a Dec 3rd date but landed 4 days later. A Death Cross is often interpreted by analysts and traders as signaling a definitive bear market for an asset. @ $1.35 not sure #ADA can fall much further. We shall see. pic.twitter.com/joemQJgpSO
— InvestAnswers (@invest_answers) December 8, 2021
The post also addressed a recent Cardano death cross that occurred back in September. However, they think there will not be another impending death cross for Cardano again, since this moment seemingly represents a complete end-game for any possible death cross for ADA.
Sarcastically, the analyst made this statement in a form of irony, meaning that apart from what he said, anything at all can happen in the camp of Cardano, either a deep downtrend or bullish in the coming.
Additionally, with huge confidence and enthusiasm, he gave a stunning forward imagination that if Cardano declines to the $1.35 price mark, he is not sure that ADA will rally again in the market. Even more, he has a strong hope that ADA is preparing to rock again like how it started early this year.
As the tweet breaks silence on Twitter today, the majority of Cardano users are perplexed about the decision to sell their ADA holdings or still keep it. On the other hand, since we all have a different mindset in terms of thinking, others still have high confidence that holding ADA in this crucial moment can bring something good if it starts a new bullish trend.
Read more: https://coinquora.com/crypto-analyst-oversights-on-adas-death-cross-end-game-for-december/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
