ADA (Cardano) Technical Analysis. ADA will boom or dump???

in bitcoin •  7 years ago  (edited)

ADA is one of the world famous cryptocurrency with a great future. I will talk about ADA today. Below I have given my two charts.

Lets talk about first chart

Screen Shot 2018-06-21 at 12.54.32 PM.png

The least we could go from here is near the 2000-2200 zone where i have my 0.236 fib, I really think the price would not go below that level.with some good number of hits at this level we might most possibly bounce here, giving us a hope of a double bottom bounce

Now Lets talk about second chart

download.png

Here you can see a down trendline which it is following strictly. So whenever it breaks this trendline, you can expect a very good bounce back from this point where you can go long on bitmex or you can buy it on bittrex or binance for a good return.

Points to keep in mind

  1. It is totally depend on bitcoin.If bitcoin will be stable or it get into bullish mode then you can really enter the trade. But if goes opposite then this is obvious that it will go down.

  2. Depend on volume. Whenever there is NO VOLUME in market, TECHNICAL ANALYSIS does not work.

Guys this are my 2 points which will tell you about what ADA will do in future coming days. But if you look for a long term then you can buy this coin for a great return.

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Cardano is long term coin
Excelent return in 2018 end.
So kaindly request for my side pls hold some ada

man i am also having ada, hodling it.
hope to see you comment and upvote me too :)

Cardano is a long term coin

Carnado is great project I hope it will go up for that bitcoin need to stable.when Bitcoin crosses 8k Altcoins will follow btc.hope for good.

Ada might be very valuable in future as they are having projects

I think cardano is long term coin and this coin is grow up in this year end at least doubble

If bitcoin is stable then every coin will boom.

ADA is good coin for long investment
it has a potential for grow in future

I haven't invested in cardano yet thinking about investing

Long term coin

Informative nice content.

Thanks buddy!!

HODL for ADA
One of the best coin for long term

Mostly Its considered as a 3rd Generation Crypt Currency. The team behind ADA is very powerful people.

ADA HODL gang 😁😁long term coin HODL it guys

Cardano will give huge profits, hold it guys

Cardano is widely accepted by Japanese and i personally love this coin and m gonna hold it till 2019 for amazing returns.if bull run comes i hope ada can will surely go till5$ till 2018 end

hi arpansonkar, if you like to write a benchmark on https://cryptoowls.com for Ada feel free to do so. You will find out how it ranks. just read the faq of the website. Benchmarks based on steemit.
Thanks!

I am Holding full bag of ADA # great project

Hope it booms I have lot of ADA.

ada is good for long term project.
but seem bitcoin bearish kick all of the coins.

I have some too.. hope it booms soon

According to #ada will not pump great, but for short term its a great coin. But for long term we cannot expect 3X easily as marketcap of ada is very high