Akshath1994
Long

Cardano :- Beast in the Making!!

BITTREX:ADAUSDT   Cardano / Tether
BINANCE:ADAUSD

Cardano has been hammered in the past during the current bear market, but this is now become a really enticing price to pick up some amount of ADA .

Cardano has traded within the Downtrending Parallel Channel as seen within the above mentioned chart.
A support zone is now placed at 0.118.

A move to 0.20 can be witnessed if price increase has been supported by volume . Volume is currently extremely high and signals a bottom is in place at the moment.

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Mar 20
Comment: First signs of move towards the top of the trading range.
Look for a price - volume breakout before buying some ADA.
Mar 21
Comment: A breakout has been witnessed on the lower time frame.
A daily close above out downtrending channel would signal a move to begin trading long.

Keep an eye on the Light Blue moving average as that could act as resistance and also as a indicator to the future trend.
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