Pair: ADA/BTC Exchange: Binance Trade Duration: Medium Risk: Moderate
Introduction
Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Technical Analysis
- Downtrend flipped support - Broke HTF downtrend - RSI confluence - Momentum trade - We expect our targets to be met within 1 month
Our Entry Zone
0.00001115 - 0.00001254
Our Targets
1: 0.00001420 2: 0.00001666 3: 0.00001912+
Our Stop Loss: 0.00001050
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Axsonex Team
------------------------------------------
DISCLAIMER: This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Hi, In my opinion analysis on bitcoin pairs are more weak than analysis on USD pairs. What do you think about?
Axsonex
⋅
@nprado2018, thank you for your comment. In our opinion it is not since Altcoins are still very much in sync with BTC. USD pairs are not a true reflection of the Altcoins performance as they also incorporate the price of BTC/ETH. Thus, we trade BTC pairs. Also, it is very dependent on your longer term Bitcoin view, if you believe that it will succeed (as most here do) it is a case of building your BTC balance rather than USD.
HopefulMan
⋅
I mean fundamental
HopefulMan
⋅
is there any funda for ADA?
Axsonex
⋅
@imanmag, thank you for your comment. What do you mean "funda"?
@imanmag, thank you for clarifying. There is not much currently apart from the IOHK Summit which will be taking place on April 17 and 18 of this year in Miami, USA.