ADA / Bittrex
Price correction looks to be over, volume is down on bittrex while price is low, was near 5000 BTC just over a week ago, now were at 1300 BTC. I think we will need to see volume increase and a bull flag above the R2 line before we get another good bull run or else we'll be stuck between R1 and R2.
If price drops below R1 then I think we will see it drop to the blue resistance area
ADA/BTC chart doesn't look great right now but USD price is currently $0.12 at 700 satoshi, back in early December when price was around 1200 satoshi the USD value was only $.13. Priced compared to BTC is not everything.
I have google alerts setup for Cardano, volume of news and forum posts have certainly been increasing. Everything I have seen is very positive from news and community so I'm feeling confident this is a good long term investment for me.
My ideas are not meant to be financial advice, I'm just sharing my opinions.
If price drops below R1 then I think we will see it drop to the blue resistance area
ADA/BTC chart doesn't look great right now but USD price is currently $0.12 at 700 satoshi, back in early December when price was around 1200 satoshi the USD value was only $.13. Priced compared to BTC is not everything.
I have google alerts setup for Cardano, volume of news and forum posts have certainly been increasing. Everything I have seen is very positive from news and community so I'm feeling confident this is a good long term investment for me.
My ideas are not meant to be financial advice, I'm just sharing my opinions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.