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.
Firstly it's shame try to analyze some shit chart like that
Anyway, Stochastic said sell to meet Fibonacci retracement 0.618 @0.00000505 then 0.00000453
After that, we will see if we then about to buy a little bit - while stochastic in oversell zone
THank you
