Wolf

[Cardano] Careful with this kind of coins

BITTREX:ADABTC   Cardano / Bitcoin
The problem with this coin is that it was added 8 days ago and it already has more than 500 million market capital. If you look at the market depht it has strong orders which it's difficult for a new coin to go up since not many big-pocket investors trust about it. It hasn't offered a convincing edge for having such a high amount of Market Capitalization . So it's easy to be controlled by those who already have it.

Not saying it won't go up. But since it can be easily controlled right now, it can happen many scenarios. What's most likely to happen right now are Whales trying to take profit if any dip, making the graph just a plain series of horizontal waves with sudden bullish spikes, instead of a healthy increase.
I totally agree! look at these sell orders i found on bittrex. makes you think

0.00000510
24 BTC

0.00000520
30 BTC

0.00000530
27 BTC

0.00000550
56BTC

0.00000562
28BTC

0.00000580
23BTC

0.00000600
71BTC
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This analysis is confirmed by its proportion %
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