Cryptocurrency Technical Analysis And Charts: Gann Analysis: ADA, Litecoin, EOS

– Gann’s analysis is a multidimensional form of analysis combining time, price and geometry.

– Gann’s work can be used to identify possible major turns in a market.

Cardano (ADA)

ADA Gann

The chart above is Cardano’s weekly chart (ADABTC chart). It has spent the past 14-weeks in a considerable downtrend that has seen Cardano drop from the 2019 swing high of 0.00001944 to the swing new swing low of 550 (-71.71%), which is also the new all-time low on Binance’s ADABTC chart. It is presently just above final Major Harmonic, the 0/8th Major Harmonic at the 0.00000529 value area. I have written about the importance of the 90-day cycle as recently as last Thursday, but I also wanted to discuss what Gann called the ‘Death Zone’. The ‘Death Zone’ is a 49-day cycle that Gann considered to be exceptionally powerful. When something moves down for 49-day at a fast pace,…