Under normal circumstances Cardano would be working on the right shoulder of an inverse H&S pattern that forcasts a 3-% gain from breakout above the neckline and a 60% gain for those brave souls prepared to load up their bags early!
Am I taking this trade right now? Hell no. The market is still fundamentally bearish and BTC setting it's sights on a revisit of $6K which would ruin EVERYTHING.
So, what I am offering is a two-pronged investment strategy:
1. If you're a complete newb who finds the jagged chart lines scary like a shark's teeth, throw some money at it. Not ALL your money, just a bit and wait until more people start telling you ADA is about to rocket at which point spend the rest. "But wait!" says the experts in the peanut gallery, "you should NEVER put all your eggs in one basket!!". Well, that may be true but newbs will be newbs so what's the point in fighting it?
2. If you're a trader, set your alerts and wait for confimation of the breakout. It could be a fews days away but worth the wait.
If price breaks down look to the 1700 and 1100 satoshi levels for next support.
Am I taking this trade right now? Hell no. The market is still fundamentally bearish and BTC setting it's sights on a revisit of $6K which would ruin EVERYTHING.
So, what I am offering is a two-pronged investment strategy:
1. If you're a complete newb who finds the jagged chart lines scary like a shark's teeth, throw some money at it. Not ALL your money, just a bit and wait until more people start telling you ADA is about to rocket at which point spend the rest. "But wait!" says the experts in the peanut gallery, "you should NEVER put all your eggs in one basket!!". Well, that may be true but newbs will be newbs so what's the point in fighting it?
2. If you're a trader, set your alerts and wait for confimation of the breakout. It could be a fews days away but worth the wait.
If price breaks down look to the 1700 and 1100 satoshi levels for next support.