Hello Traders,
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!