BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Cardano has broken its support line, and will be moving back to baseline in the coming days. When it hits the bottom again, we are in long for Cardano.

After bouncing off of support at 0.11, we expect that it will make a move up to the 0.46 area. After that, it can either break upwards or be rejected and move downwards again.

Cardano is one of the crypto coins at the top of our list right now, along with Ripple (XRP). Long term, we'll have to wait and see as Cardano is a relatively young coin in comparison to coins like Bitcoin , Ethereum , and Ripple. If you have the spare funds, an investment in Cardano at 0.11 cents is not a bad bet.

Pending a touch on the support line below, we will be long and holding.

Do your due diligence before trading!
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