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Cardano Drops 50% From its ATH, ADA Reverses Due to Gann Time Cycle -Breaking

by Mike Robinson

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Cardano drops 50% from its ATH; ADA reverses due to Gann Time cycle
  • Price has fallen from $3 on Sep 2nd 2021 to $1.59
  • Cardano has now fallen over 50% from it’s all-time high.

Cardano’s (ADA) price has steadily declined over the last 3 months. Cardano’s price dropped almost half off, from $3 on Sep 20,21, to $1.59 at the time this article was written.

ADA/USDT Chart (Source TradingView

Cardano’s stock has fallen steadily since September 3. The open rate of Cardano has fallen to just one candlestick in the last thirteen weeks.

Bullish candles only moved 20%. But, they retraced the majority of their gains to close at 3%. Cardano has now fallen over 50% from it’s all-time high and is ready to rise again.

According to Gann’s analysis, Gann’s 90-day cycle is the most critical inner year cycle. Gann said that an instrument facing persistent selling pressure during a period of 90 days is most likely to encounter a low or reverse direction. Cardano is perfectly positioned for a bullish turn.

It would be impossible to plan the 90-day cycle at this price. Cardano is now at $1.41 swing low. This price point puts it above the $2021 Volume Point Of Controversy of $1.38. For the next months, a bullish reversal appears to be in place.

The ADA platform is set to evolve and change. The price for ADA is likely to rise in the near future.

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