I’m interested in for a long time. Today I decided to make a big analysis and to share it with you guys, let me know what you guys think and if you would like such analysis on another coin. Let’s get straight in to this .
So you don’t have to be a TA-expert to see that price is very cheap at the moment. So what are the most important things to look at:
-The triple bottom is very , that means that the bulls are strong enough to defend the 0.124 line. This is very because it’s over a longer timeframe. We can see that this triple bottom is created in +/- 2months, which is a very long time in crypto-perspective. We can see that we’ve found support at the exact same levels in the past (March).
-For me the buy zone is between 0.11 and 0.158. we can see a huge support-line at 0.11 (that’s our absolute bottom in my opinion).
-I think this coin is really worth the risk aswell. The first strong resistance line will be at 0.2. the first big support is at 0.11. So that means if we go up, that our first real test is 55% higher than our current position. If we go down, then our first support is at 0.11/ 10% below our current position, so this is worth the risk if you ask me. We have had a 91% correction on this coin, this is bargain!
-So here we can see a , we’ve found support at exact the same price as in March. This shows us that will probably never go under that price again, bulls have decided that this is the absolute bottom. We can see a very strong support at 0.000017.
-The buy-zone for me is between 0.000016 and 0.00001938.
-Taking a long trade is also here worth the risk, the first big resistance is at 0.0000235 ( increase of 26%) and the support is at 0.000017 (decrease of 7.2%).
ADA to 0.64
First of all, in this case, cardano’s-dominance or the weight cardano has on the crypto market is (+/-) the same as on this moment. If we get an altcoin-run, the ADA-dominance could be a lot higher than 0.64.
total market cap RN: (+/-) 256 billion
ADA-domination to ‘the other coins’: 6.7%
‘other coins’: everything except the big ones ( BTC , ETH, LTC, BCH, XRP,… FIRST SIX)
If we see a bull-run like in December, I think this market will be a 1 trillion market. If domination to other coins stays at 6.7%, ‘the other coins’ (which I doubt it, I think it will be higher). Than we the other coins will at least have a 25% domination in this market, if stays that dominant the next price could be at 64 cents easily.
This above is worst case scenario in a bull run. If there comes another bull run, the ADA-dominance will be a lot higher, so will the price. (this was just quick maths in worst case scenario).
The only way is up for ADA!