Well, one can hope. I hope it doesn't just continue trending downward. The Mary Hard Fork happens tomorrow but not sure how that is going to affect the price. I have seen many forks that amounted to absolutely nothing. One nice thing about ADA is that it is now the third largest crypto and that is impressive seeing how it only costs around a dollar. The weighted moving averages are pointing upwards and volume is trending higher but the DMI info is a bit iffy. It's favoring a rise but it's still crystal ball gazing. I have a lot of ADA riding on this market picking up soon and hope it doesn't disappoint. Best wishes to all my fellow traders.
IanCryptoG
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@harpazo i think its already priced in the fork which is good the growth should be abit more sustainable I believe the next thing to watch out for is Coinbase listing Charles said he was promised this soon that will cause another massive spike .
obsidianram
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Call it crazy, but I get this nagging intuitive feeling there's an unspoken 'ceiling/cap' on the overall crypto market valuation - the drop in BTC is making room for ADA's upcoming breakout. Bear in mind tomorrow (1 Mar 21) is just the initiation...the end of the March is when the real fireworks should begin.
Brial88
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Is this the lowest it will go? Want to buy more before it goes up :D
harpazo
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@Brial88, Nobody can make that determination. That's crystal ball stuff there. Use the charts and make a "best guess." That's all ANYONE can do. We buy, we set stop losses, we hope our analysis is correct and we come out profitable. That's really the bottom line of all trading, crypto or otherwise.
Brial88
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@harpazo, Yeah I know. Tks. Looked at a lot of charts...it's a bit wobbly atm. Neither bullish nor bearish. Will wait a bit more until I jump in for more.
harpazo
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@Brial88, I do think Cardano is a fantastic investment though. It's just seemingly in a bit of a holding pattern right now. It's in a channel around $1.20 and I think it's a good time to buy, although I've been putting in buy orders down around $1.09 or so and they've been hitting overnight and so my dollar cost averaging will be beneficial when it rises. Are you using any bots for your investing, such as 3Commas? A good bot setup will potentially give you 3-5% per day overall on your investment. No, I don't work for 3Commas either. I actually was introduced to them just a few weeks ago. I'm bummed that I didn't know about bots much sooner. Such is life. Best wishes trading!