Cardano ADA

Buy Cardano ADA if this Happens

Buy Cardano ADA under these given conditions and venture a heist to your greed. Cardano ADA is fundamentally a strong project and billionaires like Mark Cuban are already loving it.

After the rapid drop and bitcoin’s return to its previous level, the market is in uncertainty, as is the case with most altcoins. Increasing bitcoin dominance barely has any impact on strong coins like Cardano ADA. The Price chart technically holds conditions and has entryways to take this comparatively less risky trade and earn some candies.

Buy Cardano ADA
Cardano ADA Chart Tradingview

When to Buy Cardano ADA:

Cardano ADA, since May 15 when it was above $2, is in a downtrend like every cryptocurrency coin and token. If the Cardano presses against the trend line, breaks it and tests it as support, that would also be a good buying opportunity. It is nearing the resisting trend line to break above it. If it does, this should be our buying opportunity after a retest, with an active stop loss right below the trend line (shown in graph).

If the coin drops below the shaded value area with a sudden move to the blue line Local Support, this is the second entry point. If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. Remember to use stop-loss and watch out for fake-outs.

Risk Warning: The above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. DYOR.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also

Proof of burn

Proof of burn app should be developed for ADA, Charles Hoskinson suggests

Charles Hoskinson, founder, and CEO of IOHK suggested to the Cardano developers to create a …

Leave a Reply

Your email address will not be published. Required fields are marked *