ADA (Cardano) Technical Analysis. ADA will boom or dump???
ADA is one of the world famous cryptocurrency with a great future. I will talk about ADA today. Below I have given my two charts.
Lets talk about first chart
The least we could go from here is near the 2000-2200 zone where i have my 0.236 fib, I really think the price would not go below that level.with some good number of hits at this level we might most possibly bounce here, giving us a hope of a double bottom bounce
Now Lets talk about second chart
Here you can see a down trendline which it is following strictly. So whenever it breaks this trendline, you can expect a very good bounce back from this point where you can go long on bitmex or you can buy it on bittrex or binance for a good return.
Points to keep in mind
It is totally depend on bitcoin.If bitcoin will be stable or it get into bullish mode then you can really enter the trade. But if goes opposite then this is obvious that it will go down.
Depend on volume. Whenever there is NO VOLUME in market, TECHNICAL ANALYSIS does not work.
Guys this are my 2 points which will tell you about what ADA will do in future coming days. But if you look for a long term then you can buy this coin for a great return.
Cardano is long term coin
Excelent return in 2018 end.
So kaindly request for my side pls hold some ada
man i am also having ada, hodling it.
hope to see you comment and upvote me too :)
Cardano is a long term coin
Carnado is great project I hope it will go up for that bitcoin need to stable.when Bitcoin crosses 8k Altcoins will follow btc.hope for good.
Ada might be very valuable in future as they are having projects
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I think cardano is long term coin and this coin is grow up in this year end at least doubble
If bitcoin is stable then every coin will boom.
ADA is good coin for long investment
it has a potential for grow in future
I haven't invested in cardano yet thinking about investing