Over the past 3 days, Cardano (ADA) has broken out of its downtrend, and is seemingly on the rise once again. Volume is not very high, however, so you may want to wait a bit longer to see a strong bullish trend form before taking a position.
If you go long here, it may be smart to set a stop at around 0.6
If you go long here, it may be smart to set a stop at around 0.6
Note
Here's a look at ADABTC. Similar story - downtrend broken and price is continuing somewhat sideways. Same advice applies: set stop loss near 46k sats if you're inclined to go long now.
Note
4.6k* satsNote
Volume picked up ... but in the wrong direction
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.