Hi guys, I'm sharing one of my "wilder" crypto investment - ADA Cardano.
ADA is a new coin. Looking at the chart, there is nothing much to see there. Only a few weeks of trading time.
1 billion USD market cap, 25 billions ADA circulating supply. ADA is already top 15 coin in marketcap.
Cardano is a new blockchain concept, created by an ex Ethereum co-founder,...
ADABTC is a very legitimate project, and a potential competitor to ETH. It is a valid addition to any long term portfolio.
Currently it is nearing the end of long term consolidation triangle (blue line) and closing out a shorter term triangle as well (yellow dotted line).
Breakout is very likely for a short term play, otherwise you can stop loss at 312 sats if...
ADA has been making a large symmetrical triangle now since June, which should break somewhere in December.
To add to the bullishness, there are two important dates around the closing of the triangle:
29 November: ADA is added to the Korean exchange Coinrail.
1 December: Roadmap will be updated
I'm not really the type of guy to hold a coin, but this looks like...
This is a strong-backed crypto by the Japanese community and Charles Hoskinson, one of the men behind the ETC success and creator of other mega projects.
It seems Cardano BITTREX:ADABTC built a strong support and it is making a bullish channel, nevertheless be aware because it doesnt still have a clear bullish divergence, so keep watching the price movement...
We can see that the price movements has reached the point where it needs to choose which way to move on, down or up. I expect the upward movement. We can place pending orders for buy at 0.00000480 level. The profit target is 0.00000630 level. Profit more than 30%. Do not forget about stop orders.
All good luck in our business!
Cardano ADA
SHORT-TERM
Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. Cardano is one of the first blockchains to be built in the highly secure Haskell programming language.
technically not much data to analyze yet. will keep posting analysis while ADA price keeps developing.
New project with very very strong backgrounds and fundamentals, in particular the Epochs and Slots.
Good to research and start accumulating as I see a very bright future on the mid-long term for this project.
