Price correction looks to be over, volume is down on bittrex while price is low, was near 5000 BTC just over a week ago, now were at 1300 BTC. I think we will need to see volume increase and a bull flag above the R2 line before we get another good bull run or else we'll be stuck between R1 and R2.
If price drops below R1 then I think we will see it drop to the blue resistance area
ADA/BTC chart doesn't look great right now but USD price is currently $0.12 at 700 satoshi, back in early December when price was around 1200 satoshi the USD value was only $.13. Priced compared to BTC is not everything.
I have google alerts setup for Cardano, volume of news and forum posts have certainly been increasing. Everything I have seen is very positive from news and community so I'm feeling confident this is a good long term investment for me.
My ideas are not meant to be financial advice, I'm just sharing my opinions.
If price drops below R1 then I think we will see it drop to the blue resistance area
ADA/BTC chart doesn't look great right now but USD price is currently $0.12 at 700 satoshi, back in early December when price was around 1200 satoshi the USD value was only $.13. Priced compared to BTC is not everything.
I have google alerts setup for Cardano, volume of news and forum posts have certainly been increasing. Everything I have seen is very positive from news and community so I'm feeling confident this is a good long term investment for me.
My ideas are not meant to be financial advice, I'm just sharing my opinions.