Cardano (ADA) to 2.5$ SOON ?!?
Updated
Hello crypto fellows
I would like you to hit the like button and boost
Thanks for your support and let's hop up our analysis
First of all we must understand the strategic aspect of Cardano(ADA) by shedding light on its market-cap and popularity!
According to coinbase (coinbase.com/price/cardano), the popularity indicator of ADA is increasing, now ADA is ranked as #7 in popularity and ranked #9 on Binance exchange (binance.com/en/price/cardano)!, given into consideration that Popularity is based on the relative market cap of tradable assets on the exchange platform, popular assets have a large market cap, which may imply enthusiasm for buying the asset on two of the biggest exchanges -Coinbase & Binance-
This highly indicates that ADA is a coin of interest for traders all over the world.
Cardano also plans to become completely decentralized through the implementation of community-driven governance and an automated treasury system to fund the future of the network!
Most of the decentralized coins are said to be more stable than Centralized ones, and are less affected by fundamentals because they are not driven by corporations or any other foundations...
Second, ADA is now 90.02% below its ATH and this is interesting for a LONG-Term buy strategy.
As i stated in the chart on the 4H time frame it is trading in the demand zone (support level) and may bounce if it transcend the 200MA (yellow dashed line) @ 0.3739
If the Demand zone is breached in a down red candle we may see a bleed till 0.1769.
Third, ADA usually follows the steps of BTC, If BTC reached 11K-12K then ADA will show heavy red candles as well.
From my point of view (its not a financial advice) ADA entry would be in the Goldilocks-zone between 0.17$-0.25$,
After this level just HODL and wait untill MOOOON 2.5$ and beyond!!!
at a leverage of (Cross x3) with well risk management you could easily make +4000% !!! That's INSANE
I wish all crypto-community green profits
Good Luck for all
I would like you to hit the like button and boost
Thanks for your support and let's hop up our analysis
First of all we must understand the strategic aspect of Cardano(ADA) by shedding light on its market-cap and popularity!
According to coinbase (coinbase.com/price/cardano), the popularity indicator of ADA is increasing, now ADA is ranked as #7 in popularity and ranked #9 on Binance exchange (binance.com/en/price/cardano)!, given into consideration that Popularity is based on the relative market cap of tradable assets on the exchange platform, popular assets have a large market cap, which may imply enthusiasm for buying the asset on two of the biggest exchanges -Coinbase & Binance-
This highly indicates that ADA is a coin of interest for traders all over the world.
Cardano also plans to become completely decentralized through the implementation of community-driven governance and an automated treasury system to fund the future of the network!
Most of the decentralized coins are said to be more stable than Centralized ones, and are less affected by fundamentals because they are not driven by corporations or any other foundations...
Second, ADA is now 90.02% below its ATH and this is interesting for a LONG-Term buy strategy.
As i stated in the chart on the 4H time frame it is trading in the demand zone (support level) and may bounce if it transcend the 200MA (yellow dashed line) @ 0.3739
If the Demand zone is breached in a down red candle we may see a bleed till 0.1769.
Third, ADA usually follows the steps of BTC, If BTC reached 11K-12K then ADA will show heavy red candles as well.
From my point of view (its not a financial advice) ADA entry would be in the Goldilocks-zone between 0.17$-0.25$,
After this level just HODL and wait untill MOOOON 2.5$ and beyond!!!
at a leverage of (Cross x3) with well risk management you could easily make +4000% !!! That's INSANE
I wish all crypto-community green profits
Good Luck for all
Trade active
Iam still bullish on long-termbut bearish on short term
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