The name and introduction of the project token, and which exchange it can be traded on, project/team/technical background, etc.
Introduction of the token.
Cardano is a POS blockchain where global peace lovers can come together to bring about global peace and positive changes. It was launched in March 2017 by IOHK company with its CEO, Charles Hoskinson. More information about the price of ADA can be seen in the following information.
Exchange platforms available for ADA.
As we can see above, there are so many markets and exchanges for a top crypto currency such as ADA so the above 20 are the top markets.
Project/team/technical background.
- Price : $0.8987
- Rank : #7
- Market Cap : $30,256,278,411
- Fully Diluted market cap : $40,463,814,305
- 24H Volume : $1,166,100,523
- Circulating Supply : 33.65B ADA
- Max Supply : 45,000,000,000
- Total Supply : 34,143,444,450
Source
Source
Source
From the above screenshots, we can see the all time price chart of ADA as well as the various highs and lows for the different timeframes that have participated in giving me clues for predicting my trade.
Why are you bullish on this token today and how long do you think it can rise?
As we can see in the above chart, the price came down towards the 89-EMA line and then later on bounced off the line signaling a trend continuation. Also, the RSI was at 50 which is a good position to place a trade. And lastly, my entry point is gotten when there is an upward cross in the oversold region of the stochastic oscillator.
As we have seen above, the trade system for this currency is the Spot trading system. I bought $10.4864 worth of ADA at the price of $0.904. I finally had to sell at a loss of $0.891 for a worth of $10.3356. I closed at this loss because I realized that the market wasn't trending in any direction, but rather ranging.
Thank you for reading.
@reminiscence01
@nane15