PlutusX

Cardano (ADA) Price Prediction May 19 22 - When to buy - $7?

Long
KRAKEN:ADAUSD   Cardano
Trading is about patience. trading is more about wealth preservation than a generation. I can say that my moment has officially arrived. Despite no apparent confirmation in the charts atm I am about to start heavily investing back into ADA, as of today. I use a dollar-cost average approach, so please use proper risk and consult your FA- this is not FA.

We saw a touch and go with a lingering downtrend at and towards the 0.35. Since the trend is still bearish the probability of a fall continuing or simply retesting the 0.35 is higher. That is why using a dollar-cost avg approach makes the risk distributed over time.

I think consolidation is more likely for the next few months but overall those are my ideal targets for the next move upward when that time comes -- if at all.

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