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DarraghCasey
Jan 5, 2018 11:03 AM

Cadano ADA Looks like in for a correction  

Cardano / BitcoinBittrex

Description

Cardano is correcting same time as BTC finally looks like it has broken out.
Iv sold all my Cardano as marked by the yellow line and waiting until 5,000 Satoshi's before I re-buy

Comment

Watching ADA closely as it finds support around the 6000 Sat and on the one hour it has turned bullish again. But waiting until i get bullish signals from the 4hr to buy.

Trade active

ADA Bounced off the 5,500 Satoshi and now on the 4hr I have bull signals to Buy again at 6,300 Satoshi's
Could see an uptrend but for how long may depend on BTC performance
Comments
grinbuck
Great analysis. Any medium to long term targets after correction to 5000 sats?
DarraghCasey
@grinbuck, 7000 Satoshi's would be a 40% return. In general im long ADA but at these prices its over-extend and Im happy to swing between BTC and ADA
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