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Trading Veteran Peter Brandt Warns Cardano (ADA) Community of ‘Potential CAR-crash’
In a recent tweet, renowned trader and founder of Factor LLC, Peter Brandt, has sent shockwaves through the Cardano community by warning them of a potential “CAR-crash” for the cryptocurrency.
This warning comes on the back of ADA’s recent price action, as it dropped below $1 and then below $0.90, leaving many in the community wondering about its future prospects.
Brandt, known for his sharp analysis and contrarian views, has been vocal about his concerns regarding ADA’s trend and technical outlook. He took to Twitter to caution investors that this could be the start of a significant downturn, potentially leading to a “CAR-crash” – a term he coined to describe an extremely bearish market condition.
The community is divided on how to interpret this signal, with some seeing it as a classic head-and-shoulders pattern and others dismissing it due to the lack of confirmation.
Source: u.today
