Cardano (ADA) Summer Cycle 2020
I have kept a close watch on the ADA trade activity in recent weeks and this pattern seems to keep coming back each year. For some reason, each summer (June-July-Aug) ADA seems to approach it's heaviest resistance/rejection zones than any other time of year (PUMP DUMP ZONE).
As you see below we have a big gamble as things seem a bit different as of right now for ADA due to Shelly. If ADA can hold a stable range through July 19th - July 22nd 11.5cents to 13cents it's highly likely we will be on our way to break a 2-year pattern, meaning new highs in the range of 20cents to 40cent range can be coming in around Sep-Nov.
To consider purchasing right now is up to variables:
As you see below we have a big gamble as things seem a bit different as of right now for ADA due to Shelly. If ADA can hold a stable range through July 19th - July 22nd 11.5cents to 13cents it's highly likely we will be on our way to break a 2-year pattern, meaning new highs in the range of 20cents to 40cent range can be coming in around Sep-Nov.
To consider purchasing right now is up to variables:
- 1. things turn and wind up or down in the IOHK space in the next weeks while Charles H. (CEO) is on leave.
- 2. We also have to consider BTC is due for a correction in the coming month of August. as normal BTC correction cycles average about 55-60 days.
- 3. Hard fork coming to the network at the end of July
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