LudwigStirner
Long

Has Cardano lost the momentum?

BITTREX:ADABTC   Cardano / Bitcoin
Hi Guys! My answer is absolutely not. The ADA market turned in a weak performance in the context of a shrinking volume trading but for me this dip is where I can buy more with small discount. Well all what we must have is a patience, with yesterday's low @0.00001225, Cardano is testing that lower boundary again at the moment, so let's see what happens next.

What makes the chart interesting is the fact that we have some good fundamental news as Cardano will launch the first ADA Card in the end of the year and Cardano Rust Project that need "to open up Cardano to more developers with an open-source library and encourage the worldwide community to build up this resource ."

TF: 1D
The MACD is trying to break the resistance and make the centerline crossover, it's hard so it will be complemented by significant volume support.
The RSI < 50;
The EMA lines: 7EMA - Resistance, 30EMA - Resistance, 100EMA - Resistance.

Some of our indicators are the worst to open the long-term position, but for me this manipulation at the market not more then MM's game, to acquire as more cheap ADA as possible.

I long with $ADA.

ENTER: 1200 and lower
PT: 1600 and higher

GL Traders.
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