$Cardano (ADA.CC)$ Only those who go to sea understand how ...
$Cardano (ADA.CC)$ Only those who go to sea understand how far big waves will recede before hitting the shore
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ZAC_DESTROYS_ALL : fear is back
JoshCarter4 ZAC_DESTROYS_ALL : It’s more likely mostly profit taking. It’s been less than 24 hours, and it’s not meaningfully gone below $1.00 (and hasn’t come close to the $0.80 or $0.88 support lines).
Nothing to worry about yet, unless the price drops below $0.90 and stays there for at least 24 hours. Or worse, if it falls below $0.75.
ZAC_DESTROYS_ALL JoshCarter4 : a 4hr candle close below 1 dollar has already happened that's pretty meaningful.
JoshCarter4 ZAC_DESTROYS_ALL : Not really. We’ve barely broken past $1 in the first place, and overall it’s only been ~10% drop in less than 24 hours after ~35% increase in 48 hours before that. Not to mention it’s all after ~300% increase over the past ~3 weeks.
Not saying that it’s not going to crash back down, but it’s absolutely too early to say one way or another.