ADA: 68 to 74 Cents Will Still Be Resistance for a While to Come
Hi Everyone! We are still in (what appears to be) Accumulation; similar to what we saw end of 2018 to beginning of 2019. Looks like to me that $0.40 to $0.60 is not a bad RANGE to Dollar Cost Average back into the market for those who are HODLING for a project they BELIEVE in. By the way, Cardano is NOT an "alt-coin." Cardano is THE coin to change the world in a way Bitcoin can not in its current form. You'll see... Cardano should NOT be taken lightly. Big things yet to come!
Sorry, but I'm not providing Short Term analysis here on TradingView for scalping and/or accumulation purposes. I'm simply of the opinion we are in a trading range between $0.40 and $0.74 and it is worth accumulating for HODLING within this range.
We will have to be patient for quite some time. Distribution (at least for Cardano) appears to be over and we are likely sideways in accumulation. May we see another big drop in the future? Sure, it's possible but it would snap back up rather quickly; in similar fashion to how quickly we snapped back up after the COVID dump in March, 2020.
Hope this is helpful. This is the LAST video in which I share a lot of details on TradingView. That includes details on any other assets or coins; such as bitcoin.
Happy Trading and Stay Awesome!
David
Sorry, but I'm not providing Short Term analysis here on TradingView for scalping and/or accumulation purposes. I'm simply of the opinion we are in a trading range between $0.40 and $0.74 and it is worth accumulating for HODLING within this range.
We will have to be patient for quite some time. Distribution (at least for Cardano) appears to be over and we are likely sideways in accumulation. May we see another big drop in the future? Sure, it's possible but it would snap back up rather quickly; in similar fashion to how quickly we snapped back up after the COVID dump in March, 2020.
Hope this is helpful. This is the LAST video in which I share a lot of details on TradingView. That includes details on any other assets or coins; such as bitcoin.
Happy Trading and Stay Awesome!
David
