ADA/USDT Bullish 4h
Hi guys ADA/USDT is looking bullish on the long term is possible that we might test the bottom of the pitchfork. But if bottom is not tested price targets should be at the middle and upper pitchforks. Also you can use the MACD and Stochastics to guide you to a soft ADA landing!
For the Fundamentals :
- ADA Fork will have new releases soon by July-August 2021 this could push price up:
coindesk-news.com/2021/03/27/cardano-unveils-smart-contracts-timeline-pushing-ada/
- ADA Ranked 5th in coingecko coingecko.com/en , means ADA is here to stay.
-3rd Generation cryptocurrency that solves most issues found in BTC and ETH.
-Development is slow but very well thought out. The latter can also be a weakness.
-Everyday you hear of an exchange adding ADA to is listing and this will only increase in the future which is positive for any cryptocurrency.
Negative things about ADA:
-Development cycles are way to slow progress has not advanced very fast compared to other cryptocurrencies, since space moves so fast the latter can be ADA/Cardano biggest weakness since new cryptocurrency come come out overnight and replace ADA with something better.
Please do your own research before investing this is not financial advise only my personal opinion peace to you all and Happy Easter !
For the Fundamentals :
- ADA Fork will have new releases soon by July-August 2021 this could push price up:
coindesk-news.com/2021/03/27/cardano-unveils-smart-contracts-timeline-pushing-ada/
- ADA Ranked 5th in coingecko coingecko.com/en , means ADA is here to stay.
-3rd Generation cryptocurrency that solves most issues found in BTC and ETH.
-Development is slow but very well thought out. The latter can also be a weakness.
-Everyday you hear of an exchange adding ADA to is listing and this will only increase in the future which is positive for any cryptocurrency.
Negative things about ADA:
-Development cycles are way to slow progress has not advanced very fast compared to other cryptocurrencies, since space moves so fast the latter can be ADA/Cardano biggest weakness since new cryptocurrency come come out overnight and replace ADA with something better.
Please do your own research before investing this is not financial advise only my personal opinion peace to you all and Happy Easter !
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.