Probably some of you have noticed positive moves on Cardano.
Rumour has it that the Ledger will support ADA on their devices. WOW.
If it turns out to be true it will be really great news.
Such a move is highly anticipated by the Cardano community.
Moreover recently Binance has announced new trading pairs with ADA.
They will add ADA/ USDC and ADA/PAX which will make the even higher.
So here is the technical analysis.
1. The long-lasting resistance at around 0.00001300 was broken.
2. Another resistance at 0.00001500 was also broken and what is more important this level was defended.
3. The current 12H bar broke the resistance at the level of the last peak which was at 0.00001600.
4. There is not much supply and a massive amount of demand = price will move up.
5. This all opens the road to higher levels.
Manual how to trade on Cardano:
1. Wait till we break the next resistance at 0.00001700.
It is also important to stay above this price for a while.
2. The next target is at 0.00001850
3. Consecutive price to reach is ~0.00002500
With the positive sentiment towards Cardano with should reach these targets within the upcoming day or weeks.
Tell us what you think.
Have you already bought ADA?
Drop us a line in the comment section.
Thank you for reading and your time.