kevindcarr

ADAUSD in rising price channel

Panjang
KRAKEN:ADAUSD   Cardano
The log chart of ADAUSD shows a steep rising price channel since March of 2020 when it traded around 2 cents. If it continues to sell off hard it could approach the lower bounds of channel soon around $1.20-1.30 which would present an excellent buying opportunity. If the trend flattens out look for a buy around $1.5 further on down the road. In any case, look to accumulate near the lower bounds of the channel. We could see prices at the higher end of the channel in the next 6-8 months ($5-15).
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.