Cardano has great fundamentals (sustainability, energy efficiency, resilience, decentralization, SPOs, delegators, gitHub commits, open source, governance, treasury support for future development, etc.) and will be releasing a lot of new features in 2021 including native assets and smart contracts with easy on-boarding for ETH devs. This along with the fact that it is moving above the 200 day MA has me holding a majority of my portfolio in a wallet, staking for the long term. It generates constant increase in ADA at about 5% per year and gives me the ability to vote on the decisions for treasury funding. Voting also receives rewards in ADA :). 2/3 of the circulating supply of ADA is locked up in delegation. This reduces the trading supply to 1/3 of what it was when the price was $1.30. IOG has built Cardano so that it can exist in the face of government mood swings. It is able to adjust the protocol to comply with temporary legislation within jurisdictions and it can not be shut down. It is the most decentralized cryptocurrency platform. Built to withstand attacks from well funded adversaries, including nation states.
In the short term I have about 20% of my ADA investment capitol set aside for day and swing trading. I'm seeing a good opportunity to go short for the short term and pick up some more coin at about .12 with stops. So on the possibility that it goes below the 200 MA it would be a good opportunity to buy more at .10 or even .08. Chances are low but a bad ruling against ripple or another black swan could send the whole market into freakout mode.
Manage your risk. This is a public journal, not investment advice.
In the short term I have about 20% of my ADA investment capitol set aside for day and swing trading. I'm seeing a good opportunity to go short for the short term and pick up some more coin at about .12 with stops. So on the possibility that it goes below the 200 MA it would be a good opportunity to buy more at .10 or even .08. Chances are low but a bad ruling against ripple or another black swan could send the whole market into freakout mode.
Manage your risk. This is a public journal, not investment advice.