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REKTCryptoTrader
Sep 20, 2018 10:29 PM

Cardano | The Next Ripple? Potential Breakout. [ADABTC] Long

Cardano / BitcoinBinance

Description

If you missed out on the Ripple breakout, don't FOMO and rather ask yourself what other markets potentially could take off in the near future.
What I'm eyeing right now is Cardano. It's got some bullish support through the double bottom and the RSI divergence.
Like almost every other market, it's drawing the same kind of pattern, but it hasn't made a giant move yet.
What I like about it, is that it is about 95% down from its ATH, which makes it really attractive as a Long trade.
Once the major resistance around the downward trendline is broken, this could be another great setup.
Definitely keep it on your watchlist. Breakout might not happen immediately, but it is definitely something to watch out for.

Have a nice day!
Comments
nakamura13
Thank you. I did miss out on the XRP breakout because I was waiting for BTC to make a move. Looks like a nice breakout above the downtrend line happened this morning.
ReadBTC
Cardano is truly one of our most favorite coins - don't forget that Shelly will be released only in Q1 2019.
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