CryptoCubic
Long

Cardano VS Bitcoin Presenting a Perfect Buying Opportunity

BITTREX:ADABTC   Cardano / Bitcoin
Cardano has already corrected by over 80% since reaching an all-time high at 9180 satoshis. But now it is facing the support at 1670 satoshis as the uptrend trendline has been rejected cleanly.

On a lower time-frame price broke above the descending channel and then found the support at the upper trendline of the channel. Statistically after the 80% correction cryptocurrencies tend to grow x10 time of average. Taking this in consideration, the next upside target could be as high as 26k satoshis, that is 327.2% Fibonacci retracement level applied to the last corrective wave down.

On a downside, there is not much downside potential for ADA/BTC, of course it could go slightly lower, but the trend reversal is imminent and it is only a matter of time.
Apr 24
Comment: So far Cardano moving according to the plan
May 14
Comment: Cardano next wave up could be very strong...
Any update?
Reply
CryptoCubic kmPCLkjW2Ww
Reply
ADA wants to break! and start the upward trend.. =))
Reply
@MRSON, it trully does :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out